Blum Capital Amended Purchase Plan To Buy More Kinetic Concepts (KCI) Stock
In a 13D filing after the close Friday on Kinetic Concepts, Inc. (NYSE: KCI), Blum Capital disclosed a 6.5% stake (4.51 million shares) in the company. This is the same as was reported in a 13F filing for the quarter ended September 30, 2006, but is above the 5.9% stake (4.26 million shares) disclosed in a September 21st 13D filing.
The firm amended their 10b5-1 Purchase Plan with Merrill Lynch which increased the number of shares of Common Stock that may be acquired to 5.2 million from 3 million. No additional shares of Common Stock may be acquired pursuant to the 10b5-1 Purchase Plan prior to December 14 and must occur no later than February 2, 2007. (NOTE: The 5.2M does not appear to be the total number of shares Blum will own if the full plans is fulfilled. When the firm disclosed the 3M plan they held a total of 4.26M shares)
In connection with the 10b5-1 Plan Amendment, Blum Strategic III filed a Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, with respect to the intended acquisition by Blum Strategic III of additional shares of Common Stock pursuant to the 10b5-1 Purchase Plan that could result in the aggregate value of all shares of Common Stock held by Blum Strategic III exceeding $56.7 million but being less than $113.4 million.
Nils Colin Lind, who is a Managing Partner of Blum, is a member of the Board of Directors of Kinetic Concepts.
The firm amended their 10b5-1 Purchase Plan with Merrill Lynch which increased the number of shares of Common Stock that may be acquired to 5.2 million from 3 million. No additional shares of Common Stock may be acquired pursuant to the 10b5-1 Purchase Plan prior to December 14 and must occur no later than February 2, 2007. (NOTE: The 5.2M does not appear to be the total number of shares Blum will own if the full plans is fulfilled. When the firm disclosed the 3M plan they held a total of 4.26M shares)
In connection with the 10b5-1 Plan Amendment, Blum Strategic III filed a Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, with respect to the intended acquisition by Blum Strategic III of additional shares of Common Stock pursuant to the 10b5-1 Purchase Plan that could result in the aggregate value of all shares of Common Stock held by Blum Strategic III exceeding $56.7 million but being less than $113.4 million.
Nils Colin Lind, who is a Managing Partner of Blum, is a member of the Board of Directors of Kinetic Concepts.
posted by Lon at 12:39 PM
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