Loeb Partners Raises Stake in Outlook Group (OUTL) Again - 13D
In an amended 13D filing on Outlook Group Corp. (Nasdaq: OUTL), Loeb Partners and related funds disclosed a 8.66% stake in the company. This is up from the 7.34% stake disclosed in the a 13D/A filing on 05/09/06. NOTE: On 03/20, OUTL signed a definitive agreement to be acquired by Vista for $13.50 per share (currently at $13.22)
From the 'Purpose of Transaction' section of the filing:
"LAF, LPC and LOF ("Loeb") have acquired shares of Common Stock for investment purposes. Loeb reserves the right, consistent with applicable law, to acquire additional securities of the Issuer (whether through open market purchases, block trades, private acquisitions, tender or exchange offers or otherwise).
Loeb intends to review its investment in the Issuer on a continuing basis and may engage in discussions with management or the Board of Directors of the Issuer concerning the business and future plans of the Issuer. Depending on various factors, including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Common Stock of the Issuer,conditions in the securities markets and general economic and industry conditions, Loeb may in the future take such actions with respect to its investment in the Issuer as it deems appropriate including, without limitation, seeking Board representations, making proposals to the Issuer concerning the capitalization of the Issuer, purchasing additional Common Stock and other securities of the Issuer, selling some or all of its Common Stock, engaging in short selling of or any hedging or similar transaction with respect to the Common Stock of the Issuer or changing its intention partially or entirely with respect to any and all matters referred to in Item 4."
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