Reed Conner & Birdwell buy more than 222,000 shares of Spartech

By Lisa Kerner

Charlotte, N.C., March 24 - Spartech Corp. investors led by Reed Conner & Birdwell, LLC reported beneficial ownership of some 2.5 million shares, or 8.23%, of the company's outstanding stock.

According to a schedule 13D filing with the Securities and Exchange Commission, the investors bought 222,129 shares of Spartech in a series of buy and sell transactions between Jan. 18 and March 29.

The shares were priced from $7.70 to $16.07.

Spartech is an intermediary processor of engineered thermoplastics based in Clayton, Mo.

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