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what does it mean when two related entities buy a majority stake in a company?

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Well, I tried to post this on a the MSN forum, but the forum wasn't having any.

Let's see if anyone is reading this by posting an open question:
I started buying LNX because of all the insider buying that I was seeing, but then I began to see a strange pattern.

Director Conrad L. Bringsjord has been buying like mad with a porfolio that he manages (Clinton Group) buying matching ammounts. Combined they now own 28% of the company. Is there an implication that I should be drawing from this? Is a trend like this good or bad for ordinary minority shareholders?


My take? It can only be good. A search for Conrad L. Bringsjord shows that he is a specialist in mergers and aquisitions. That he and a fund he manages are buying up LNX, I can only guess that he sees the company as a meaningful aquisition target. Since he and Clinton Group have been buying since around $7, I am guessing that they see LNX as worth more than that.

I've never done a blog before. It kind of feels like writing into a black hole. If anyone reads this, please respond with your thoughts in the comments!

Friday September 14, 2007 : 01:50 PM

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