Farallon Capital Raises Stake in Mills Corp (MLS) to 9.6%

In an 13D filing after the close Thursday on Mills Corp. (NYSE: MLS), Farallon Capital disclosed a 9.6% stake in the company. This is up from the 7.7% stake the investment firm disclosed in a June filing.
In the 'Purpose Of The Transaction' section of the original 13D filing in May the investment firm said, "the Reporting Persons intend to engage in communications with one or more officers of the Company and/or one or more members of the board of directors of the Company and may also engage in communications with one or more shareholders of the Company regarding the Company, including but not limited to its operating properties, its development projects, its joint venture structures, its capital structure, its proposed recapitalization, its proposed asset sales and/or other strategic alternatives, its restatement process, and shareholder communications."

In the original May filing Farallon Capital disclosed a 6.5% stake.

In February, Mills retailed Goldman Sachs and JP Morgan as financial advisors to explore strategic alternatives. In addition, the company been cooperating with an ongoing informal SEC inquiry and awaits the completion of a separate investigation into its financial restatements.