Dresser-Rand +5.2% as ValueAct discloses 6.6% active stake


Dresser-Rand (DRC +5.2%) shares jump after ValueAct Capital disclosed a 6.6% active stake to ~5M shares from 658K via a 13D filing out Friday after the close.

Jeffrey Ubben's hedge fund recently made waves when it parlayed a mere 0.8% holding into a Microsoft board seat.

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Comments (1)
  • Manishgupta
    , contributor
    Comments (15) | Send Message
     
    $ DRC- Finally good news coming soon .
    3 Mar 2014, 05:49 PM Reply Like
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