Breeden Capital Raises Zale Corp. Stake

Activist investor Breeden Capital Management LLC has increased its stake in Zale Corp. to 13.3 percent, according to a filing with the Securities and Exchange Commission Wednesday.

The Greenwich, Conn.-based investment fund reported owning 5.9 million shares, or a 13.3 percent stake in the jewelry store operator. In September, Breeden reported owning about 3.8 million Zale shares, or a 7.7 percent stake.

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Posted by Posted by Jewelry News at Wednesday, January 02, 2008 9:05 AM
Categories: Breeden Capital Management, ZALES
 

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