SuttonBrook Capital reports 5.37% stake in EGL

By Lisa Kerner

Charlotte, N.C., May 16 - EGL, Inc. investors led by SuttonBrook Capital Management LP said they purchased common stock in the company as an investment. However, the reporting persons may consider buying or selling securities in the company and may support an extraordinary corporate transaction, such as a merger, reorganization or liquidation, or sale of company assets.

In addition, the investors may hold discussions with the company, other stockholders of the company, or potential acquirers of the company, according to a schedule 13D filing with the Securities and Exchange Commission.

SuttonBrook beneficially owns 2,192,600 shares, or 5.37%, of the Houston-based global transportation and information services company's outstanding stock.

CEVA Group plc and EGL's largest shareholder, James R. Crane, and his affiliates have been vying for the company with competing offers.

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