Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Milacron Inc. > News item |
Shah Capital buys more shares of Milacron in possible activist move
By Lisa Kerner
Charlotte, N.C., Dec. 5 - Milacron Inc. investor Shah Capital Management reported owning 527,061 shares, or 9.49%, of the company's stock in a Dec. 5 schedule 13D filing with the Securities and Exchange Commission.
Shah "may at times make proposals to the management if it is judged to raise corporate value," according to the filing.
In a Nov. 20 SEC filing, Shah reported owning 322,061 shares, or 5.81%, of Milacron's outstanding stock. The shares were acquired as an investment and the purchase was "not made for acquiring control," the filing stated.
Milacron is a Cincinnati-based supplier of plastics-processing technologies and industrial fluids.
© 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.