Friday, February 23, 2007

Monarch Activist Partners Accumulates 5.6% Stake in Peak International (PEAK)

In a 13D filing Peak International Ltd. (Nasdaq: PEAK) Monarch Activist Partners disclosed a 5.646% stake (701K shares) in the company, acquiring the shares from 02/01-02/22 at prices from $2.82-$3.01.

The firm believes that PEAK's stock price is significantly undervalued and intends to communicate with management in order to explore measures to enhance shareholder value.

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