Relational Investors Discloses "Confidential" 5.1M Share Stake in Analog Devices (ADI)

In an amended 12/31/06 13F filing, activist investors Relational Investors disclosed a 5.1 million shares stake in Analog Devices Inc. (NYSE: ADI). The firm requested confidential treatment of the position and it was not disclosed with the firm's original 12/31/06 13F which was released on 02/14/07.

Relational maintained its 5.1 million share stake in ADI from 12/31/06 to 03/31/07, according to its new 13F.

In the firm's new 13F for the quarter ended 03/31/07 , Relational Investors also disclosed a new 14.2 million share stake in Sprint-Nextel (NYSE: S) (WSJ report in April noted the position). The firm also closed out its stake in Ceridian (NYSE: CEN).

Relational Investors is best known for its push to remove Home Depot's (NYSE: HD) CEO Bob Nardelli.