Monday, January 29, 2007

Blum Capital Accumulates 5% Stake in Getty Images (GYI)

In a 13D filing after the close Friday on Getty Images Inc. (NYSE: GYI), Blum Capital disclosed they accumulated a 5% stake (3 million shares) in the company.

In a pretty standard disclosure, Blum said, while they have no current plans, they may engage in communications with shareholders and management. The firm also said they may discuss ideas that, if effected may result in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or changes in the board of directors or management of the Issuer.

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