Third Avenue reports 17.2% stake in Handleman after share purchase

By Lisa Kerner

Charlotte, N.C., July 23 - Handleman Co. investors led by Third Avenue Management LLC bought 60,000 shares of the company's stock between May 25 and July 20, priced between $5.26 and $7.12 per share.

Following the purchases, the reporting persons beneficially own 3,493,336, or 17.2%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

Handleman is a Troy, Mich., category manager and distributor of prerecorded music to retailers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.