Thursday, February 22, 2007

Coghill Capital Discloses 8.6% Stake in Energy Conversion Devices (ENER), Said Board Should Consider Changes to Management and Structure

In a 13D filing after the close on Energy Conversion Devices, Inc. (Nasdaq: ENER), Coghill Capital disclosed an 8.6% stake (3.4 million shares) in the company. The firm changed its filing status from 13G to 13D, indicated a more active approach with the investment.

In the filing, Coghill said it believes that the company's Board of Directors should consider making changes to current management and enterprise structure and intend to be in contact with members of the Board to express this view.

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