D.E. Shaw reports 24.4% stake in Foamex after share purchase

By Lisa Kerner

Charlotte, N.C., Aug. 31 - Foamex International Inc. investors led by D.E. Shaw Laminar Portfolios, LLC bought 1,043,454 shares of the company's stock on Aug. 23 and Aug. 28 priced at $8.00 and $8.10 per share, respectively. The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 5,722,156 shares, or 24.4%, of the company.

Foamex is a Linwood, Pa., manufacturer and distributor of flexible polyurethane and advanced polymer foam products. The company emerged from Chapter 11 bankruptcy in February.

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