Wednesday, December 20, 2006

Clinton Group Lowers Stake in Optimal Group (OPMR) to 4.99%

In an amended 13D filing on Optimal Group (Nasdaq: OPMR) today, Clinton Group disclosed a 1.19 million share stake (4.99%) in the company. This is down from the 1.5 million share stake the company disclosed in an October filing and the 1.61 million share stake the firm held for the quarter ended September 30, 2006.

Recently, Optimal bought back 1.1 million shares, a move Clinton Group was advocating. Optimal also recently announced a offer for all of the issued and outstanding shares its Irish subsidiary FireOne Group plc . In a past letter, Clinton Group said it would be interested buying FireOne.

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