Tuesday, August 29, 2006

Pirate Capital Increased its Stake in CEC Entertainment (CEC) to 9%

In an amended 13D filing on CEC Entertainment Inc. (NYSE: CEC), Pirate Capital disclosed a 9% stake (3 million shares) in the company. This is up from the 7.3% stake the hedge fund disclosed in a past 13D filing (07/17).

Consistent with its investment style, Pirate noted in the original 13D filing (04/20) that they "intend to review their investment in the Issuer on a continuing basis and may engage in discussions with management, the Board of Directors, other shareholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer."

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