A.C. Moore investor buys more than 4.2 million shares for 24.3% stake

By Lisa Kerner

Charlotte, N.C., June 8 - A.C. Moore Arts & Crafts, Inc. investor Glenhill Advisors, LLC bought a net 4,243,600 shares of the company's stock in a series of buy and sell transactions between April 3 and May 27 priced from $2.06 to $3.28 each, according to a schedule 13D filed on Monday with the Securities and Exchange Commission.

Glenhill and its affiliates beneficially own 6 million shares, or 24.3%, of the Berlin, N.J., arts and crafts specialty retailer.

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