ValueAct Capital Raises Stake in Hanover Compressor (HC) to 10.8%
In an amended 13D filing on Hanover Compressor Company (NYSE: HC) after the close, ValueAct Capital disclosed a 10.8% stake (11.1 million shares) in the company. This is up from the 9.4 million share stake the firm disclosed in a quarterly filing with regulators.
The investment firm has not made any changes to the 'Purpose of Transaction' section of the filing, a pretty standard disclosure from ValueAct, which basically says they may change their stake at any time, talk with management/directors or others about the company, and propose changes.
Hanover Compressor is a global market leader in full service natural gas compression and a leading provider of service, fabrication and equipment for oil and natural gas production, processing and transportation applications.