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Monday, October 02, 2006

Noonday Asset Management Raises Stake in Maverick Tube (MVK) to 7.3%

From 13D Tracker

In an amended 13D filing on Maverick Tube Corp. (NYSE: MVK), Noonday Asset Management disclosed a 7.3% stake (2.7 million shares) in the company. This is up from the 5.5% stake (2.02 million shares) the firm disclosed in the original 13D filing (08/24).

From the Purpose Of The Transaction section of the original 13D filing: "...consistent with its investment purpose, each Reporting Person at any time and from time to time may acquire additional Shares or dispose of any or all of its Shares..." and "Also, consistent with their investment intent, the Reporting Persons may engage in communications with one or more shareholders of the Company, one or more officers of the Company and/or one or more members of the board of directors of the Company regarding the Company, including but not limited to its operations."

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