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Loeb has 8.28% stake in Ark Restaurants
By Lisa Kerner
Charlotte, N.C., July 28 - Ark Restaurants Corp. investors led by Loeb Partners Corp. sold 26,620 shares of the company's stock following a series of buy and sell transactions between May 29 and July 23.
The shares were priced from $25.93 to $27.02 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 297,923 shares, or 8.28%, of the New York-based restaurant operator's outstanding stock.
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