Friday, May 11, 2007

Monarch Activist Partners Discloses 6.1% Stake in Orbit International (ORBT)

In a 13D filing after the close on Orbit International (Nasdaq: ORBT), Monarch Activist Partners LP disclosed a 6.1% stake (280K shares) in the company.

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

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