Schultze Asset Management buys more shares of Footstar, ups stake to 8.2%

By Lisa Kerner

Charlotte, N.C., April 14 - Investors led by Schultze Asset Management, LLC bought 351,700 shares of Footstar, Inc. stock between April 7 and April 10 priced from $5.19 to $5.40 per share.

The investors beneficially own 1,741,197 shares, or 8.2%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

Schultze reported a 6.6% stake in Footstar on March 14, a prior SEC filing stated.

Footstar is discount footwear company based in Mahwah, N.J.

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