Monday, May 21, 2007

Chapman Capital Lowers Stake in eSpeed (ESPD) to 6%

In an amended 13D filing on eSpeed, Inc. (Nasdaq: ESPD), Chapman Capital disclosed a 6% stake in the company. This is down from the 8.1% stake the firm disclosed in a May 11th 13D/A filing.

Chapman has been pushing the company to sell. In April, the company's controlling stockholder, Cantor Fitzgerald, L.P., rejected a $12.00/share acquisition proposal from Tullett Prebon Plc.

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