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SCSF reports 7.4% ownership of Furniture Brands
By Lisa Kerner
Charlotte, N.C., Sept. 18 - Investors led by SCSF Equities, LLC increased their stake in Furniture Brands International, Inc. to 3,605,581 shares, or about 7.4% of the company's outstanding stock.
The reporting persons bought 13,200 shares on Aug. 7 at an average price per share of $11.29 and 14,181 shares on Aug. 15 at an average price per share of $11.44.
In addition, the investors bought 200,00 shares priced at an average of $10.82 on Sept. 12;106,600 shares priced at an average of $10.66 on Sept. 13; 161,000 shares at an average price of $10.73 on Sept. 14; and 186,800 shares at an average price of $10.78 on Sept. 17.
The purchases were reported in a schedule 13D filing with the Securities and Exchange Commission.
Furniture Brands is a furniture maker and distributor based in St. Louis.
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