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Loeb has 3% stake in Ark Restaurants
By Lisa Kerner
Charlotte, N.C., Jan. 17 - Ark Restaurants Corp. investors led by Loeb Partners Corp. bought 116,096 shares of the company's stock between Dec. 26 and Jan. 14.
The shares were priced from $32.00 to $37.44 each, according to a schedule 13D filing with the Securities and Exchange Commission.
Loeb intends to review its investment in Ark Restaurants "on a continuing basis" and may engage in discussions with management or the board of directors about the company's business and future plans, the filing stated.
The investors beneficially own 107,854 shares, or 3%, of the New York-based restaurant operator's outstanding stock.
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