In an amended 13D filing after the close Thursday on TNS Inc. (NYSE:TNS), Shamrock Activist Value Fund disclosed a 8.77% stake (2.12 million shares) in the company. This is up from the 7.63% stake the firm disclosed in a April 13D/A filing.
According to Stockpickr.com:
Shamrock has utilized its activist strategy to invest over $825 million of investment capital in 30 companies and currently has $925 million of committed capital. Shamrock's activist investment philosophy relies on finding "deep value" companies to invest in and then buying influential equity stakes that permit "responsible activism.
TNS 1-yr chart