Owl Creek buys more than 1.4 million shares of Foundation Coal

By Lisa Kerner

Charlotte, N.C., Feb. 29 - Investors led by Owl Creek Advisors, LLC bought 1,417,800 shares of Foundation Coal Holdings, Inc. between Jan. 1 and Feb. 28 priced from $50.89 to $59.10 each.

According to a schedule 13D filing with the Securities and Exchange Commission, the investors beneficially own 2,753,350 shares, or 6.09%, of the company's outstanding stock.

Owl Creek and its affiliates paid a total of some $136.34 million for the 2,753,350 shares.

Foundation Coal extracts and sells coal. The company is based in Linthicum Heights, Md.

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