Monday, August 28, 2006

Noonday Asset Discloses 5.5% Stake in Maverick Tube (MVK)

In a 13D filing last Thursday on Maverick Tube Corp. (NYSE: MVK), Noonday Asset Management disclosed a 5.5% stake (2.02 million shares) in the company. This is up from the 1.33 million share stake the firm disclosed in a past quarterly filing with regulators.

From the Purpose Of The Transaction section of the 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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