British Billionaire Lewis Raises Stake Bear Stearns (BSC) to 9.57%
In an amended 13D filing this morning on Bear Stearns (NYSE: BSC), Joseph Lewis disclosed an 9.57% stake (11,053,463 shares) in the investment bank.
This is up from the 8.01% stake (9,253,053 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.
Shares of Bear Stearns are trading at multi-year lows as the subprime debacle continues to unfold.