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Investor Alert

Sept. 3, 2007, 11:59 p.m. EDT

13D Filings

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13Ds are filed with the Securities and Exchange Commission within 10 days of an entity's attaining a 5% or more position in any class of a company's securities. Any subsequent change in holdings or intentions must be reported on an amended filing. This material has been extracted from filings released by the SEC from August 23 through 29.

Source: Corporate Filings Alert, Washington

Activists

Coherent /zigman2/quotes/210489432/composite COHR -0.45% (COHR)
Oliver Press Partners may pursue representation on the company's board. Oliver Press Partners believes that Coherent has underperformed and has not provided sufficient value to its shareholders. The investor intends to exchange views with the company's management and board, and possibly other shareholders, concerning the strategic direction of Coherent. Oliver Press Partners beneficially owns 1,872,865 million shares (6% of the total outstanding).

Nautilus /zigman2/quotes/206873003/composite NLS -7.68% (NLS)
Sherborne Investors recently met with Nautilus' interim CEO, Robert Falcone , to discuss the status of the company's current operations and operational turnaround plans. The parties also discussed the current search for a permanent chief executive, and the possibility of Sherborne's adding representatives to the company's board. Sherborne expects to have further discussions with company regarding these matters in the near future. Sherborne holds 6,624,479 shares (21%).

nowide
Activist Spotlight Fleetwood Enterprises (ticker: FLE) Business: Produces recreational vehicles and manufactured housing Stock-Market Value: $594 mil What's Happening: On Aug. 27, SLS Management delivered a letter to Fleetwood's board, urging that steps be taken to unlock the intrinsic value of the company's shares. SLS took issue with Fleetwood's attempts to address its current cost structure and to restructure its RV group. The letter recommends that Fleetwood explore consolidation alternatives, including a strategic combination with Champion Enterprises /zigman2/quotes/203306605/delayed CHMP -61.67% (CHB). Key Numbers: 10: Shareholders owning significant stakes in both Fleetwood and Champion. 57.97%: Percentage of Fleetwood's common stock owned by these 10. 56.35%: Percentage of Champion's common owned by the 10. Behind the Scenes: SLS isn't usually an activist investor, but it was successful in its only other 13D filing -- getting two representatives on the Bally Total Fitness Holding's (BFTH) board. SLS owns 2.2% (1,681,700 shares) of Champion, while Fleetwood is its third-largest holding, representing approximately 5% of its portfolio, according to its most recent 13F filing. More significantly, the two largest shareholders of Fleetwood (representing 26.7% ownership) are also the two largest holders of Champion (representing 23.8% ownership). Together with SLS, these three shareholders own 38.5% of Fleetwood and 26% of Champion. SLS believes that a strategic combination between Fleetwood and Champion would create more than $600 million in value for stockholders of both companies and approximately $3 a share for Fleetwood shareholders. This item is by 13DMonitor.com, a consulting firm specializing in shareholder activism and 13D filings. For a full report, go to www.13DMonitor.com or call Ken Squire at 212- 223-2282.
/zigman2/quotes/210489432/composite
US : U.S.: Nasdaq
$ 251.87
-1.14 -0.45%
Volume: 102,064
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.18 billion
Rev. per Employee
$252,102
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/zigman2/quotes/206873003/composite
US : U.S.: NYSE
$ 10.34
-0.86 -7.68%
Volume: 1.10M
Oct. 22, 2021 4:00p
P/E Ratio
4.68
Dividend Yield
N/A
Market Cap
$319.82 million
Rev. per Employee
$1.34M
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/zigman2/quotes/203306605/delayed
US : U.S.: OTC
$ 3.25
-5.23 -61.67%
Volume: 0.00
Sept. 27, 2021 9:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$193,941
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