Friday, March 02, 2007

SCSF Equities Discloses a 5% Stake in Furniture Brands (FBN)

In a 13D filing on Furniture Brands (NYSE: FBN) SCSF Equities disclosed a 5% stake (2.43 million shares) in the company.

In a pretty standard disclosure in the Purpose of Transaction section of the filing the firm said, "As part of monitoring their investment, the Reporting Persons may also, from time to time, seek to meet with and have discussions with the Issuer's management and directors and, further, may communicate with other holders of the Common Stock to understand their views of the Issuer's operating strategy and financial performance. Except as set forth herein, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D."

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