Friday, December 07, 2007

British Billionaire Lewis Raises Stake in Bear Stearns to 8% (BSC)

In an amended 13D filing this morning on Bear Stearns (NYSE: BSC), Joseph Lewis disclosed an 8.01% stake (9,253,053 shares) in the investment bank. This is up from the 6.97% stake (8,096,942 shares) Lewis disclosed in a past filing.

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

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