Letko reports 23.1% stake in Intertape

By Devika Patel

Knoxville, Tenn., Oct. 11 - Letko, Brosseau & Ass. Inc. has a 23.1% stake in Intertape Polymer Group Inc., according to a schedule 13D filed Thursday with the Securities and Exchange Commission.

According to the filing, Letko owns 13,607,508 common voting shares of the company, which collectively are worth C$93,737,296, or about C$6.89 per share.

Intertape is a Saint Laurent, Quebec, developer, manufacturer and seller of polyolefin films, paper and film pressure-sensitive tapes and complementary packaging systems.

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