Wednesday, November 22, 2006

Barington Capital Raises Stake in Pep Boys (PBY)

In an amended 13D filing after the close on Pep Boys (NYSE: PBY), Barington Capital/James Mitarotonda disclosed a 8.1% (4.4 million shares) in the company. The fund said, "Since October 2, 2006 Barington Companies Equity Partners, L.P., Barington Companies Offshore Fund, Ltd., Barington Investments L.P. and RJG Capital Partners, L.P. purchased an aggregate of 545,900 shares of Common Stock."

Yesterday, Pirate Capital disclosed it raised its stake in Pep Boys to 11.7%.

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