Tuesday, October 30, 2007

Glenview Capital Discloses a Nearly 10% Stake in Omnicare (OCR)

In a 13D filing after the close on Omnicare, Inc. (NYSE: OCR), Glenview Capital Management disclosed a 9.97% stake 12,122,463 in the company. The firm held 3,718,741 shares at the quarter ended June 30, 2007.

In a pretty standard disclosure, the firm did not make any direct requests on the company, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.

ValueAct Capital, another activist fund, disclosed a 6.5% stake in Omnicare back in September.

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