MLF Investments Raises Stake in La-Z-Boy (LZB) to 7%

Investing

Published: March 30, 2007 11:08 am

From 13D Tracker

In an amended 13D filing on La-Z-Boy Inc. (NYSE: LZB),
MLF Investments disclosed a 7% stake (3.6 million shares) in the
company. This is up from the 5.9% stake the firm disclosed in their
original 13D filing in February.

The firm said the aggregate cost of is 3,618,218 shares is
approximately $45,076,717 (about $12.46/share – stock currently at
$12.72).

In the original filing, MLF Investments said they support the
company’s management and their plans and programs of focusing on the
La-Z-Boy brand, improving manufacturing efficiency and maximizing the
potential of its distribution network, the La-Z-Boy Furniture
Galleries. The firm also said it is their intention to offer to help
the company strategically if such opportunities present themselves.

http://13dtracker.blogspot.com/

From 13D Tracker

In an amended 13D filing on La-Z-Boy Inc. (NYSE: LZB),MLF Investments disclosed a 7% stake (3.6 million shares) in thecompany. This is up from the 5.9% stake the firm disclosed in theiroriginal 13D filing in February.

The firm said the aggregate cost of is 3,618,218 shares isapproximately $45,076,717 (about $12.46/share – stock currently at$12.72).

In the original filing, MLF Investments said they support thecompany’s management and their plans and programs of focusing on theLa-Z-Boy brand, improving manufacturing efficiency and maximizing thepotential of its distribution network, the La-Z-Boy FurnitureGalleries. The firm also said it is their intention to offer to helpthe company strategically if such opportunities present themselves.

http://13dtracker.blogspot.com/

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