Friday, December 22, 2006

Blum Capital Accumulates 6.9% Stake in Career Education (CECO)

In a 13D filing after the close on Career Education Corp. (Nasdaq: CECO), Blum Capital discloses a 6.9% stake (6.55 million shares) in the company.

In a pretty standard disclosure, Blum said the stake is for investment purposes and said it may in the future communicate with shareholders, officers and/or members of the board of directors of the company.

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