Monday, September 10, 2007

British Billionaire Lewis Accumulates 7% Stake in Bear Stearns (BSC)

In a 13D filing on Bear Stearns Companies Inc. (NYSE: BSC), Joseph Lewis/Aquarian Investments disclosed a 6.97% stake (8,096,942 shares) in the company.

The aggregate purchase price for the 8,096,942 shares was approximately $860,403,183.

Lewis is a British billionaire and is the 486th richest person in the world according to Forbes' 2006 list.

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