HEDGE FUND REVEALS PENN TRAFFIC HOLDINGS SYRACUSE, N.Y. — A hedge fund controlled by billionaire investor Steven A. Cohen has purchased a 9.7% ownership stake in Penn Traffic with an eye toward benefiting from “various strategic alternatives” available to the retailer here. Cohen's CR Intrinsic Investors in a government filing last week said it had purchased 805,000 shares of Penn Traffic in the open market at a cost of approximately $15.5 million. In the filing, CR noted that recent ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.