Tuesday, February 13, 2007

MLF Investments Discloses 5.9% Stake in La-Z Boy (LZB); Supports Management, May Seek To Offer Strategic Help

In a 13D filing after the close on La-Z Boy Incorporated (NYSE: LZB), MLF Investments, LLC disclosed a 5.9% stake (3 million shares) in the company.

The firm said they support the company's management and their plans and programs of focusing on the La-Z-Boy brand, improving manufacturing efficiency and maximizing the potential of its distribution network, the La-Z-Boy Furniture Galleries.

The firm also said it is their intention to offer to help the company strategically if such opportunities present themselves.

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