Seeking Alpha

JAT ups MSG stake to 6.7%, might want talks

  • John Thaler's JAT Capital has raised its stake in Madison Square Garden (NASDAQ:MSG) to 4.28M shares (6.7%). In its 13D, JAT says it "may seek to engage" MSG's board to "provide recommendations on ways to achieve long-term value."
  • MSG +1.9% AH to a new 52-week high. Shares have been buoyed by Steve Ballmer's $2B purchase of the Clippers, and its potential implications for the value of the Knicks.
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