Wednesday, May 31, 2006

Shamrock Activist Value Fund III Discloses 5.22% Stake in Coinstar (CSTR) - 13D

In a 13D filing after the close on Coinstar, Inc. (Nasdaq: CSTR), Shamrock Activist Value Fund III, L.P. disclosed a 5.22% stake in the company.

From the 'Purpose of Transaction' section of the filing:

"The Shamrock Activist Value Fund acquired the 1,454,285 shares owned by it based on the Reporting Persons’ belief that the Common Shares represent an attractive investment opportunity.

The Reporting Persons may determine from time to time in the future, based on market and general economic conditions, the business affairs and financial conditions of the Company, the availability of securities at favorable prices and alternative investment opportunities available to the Reporting Persons, and other factors that the Reporting Persons may deem relevant, to acquire additional securities of the Company in the open market, in privately negotiated transactions or otherwise, or to sell some or all of the securities it now holds or hereafter acquires as set forth above or otherwise.

Except as stated in response to Item 4, the Reporting Person shall have no current plans or proposals with respect to the Company or its securities of the types enumerated in paragraphs (a) through (j) of item 3 to the form Schedule 13D promulgated under the Act."


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