Loeb has 3% stake in Ark Restaurants

By Lisa Kerner

Charlotte, N.C., Jan. 17 - Ark Restaurants Corp. investors led by Loeb Partners Corp. bought 116,096 shares of the company's stock between Dec. 26 and Jan. 14.

The shares were priced from $32.00 to $37.44 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Loeb intends to review its investment in Ark Restaurants "on a continuing basis" and may engage in discussions with management or the board of directors about the company's business and future plans, the filing stated.

The investors beneficially own 107,854 shares, or 3%, of the New York-based restaurant operator's outstanding stock.

© 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.