SCSF, Sun Capital increase stake in Pier 1 to 5.1%

By Lisa Kerner

Charlotte, N.C., March 14 - A group of Pier 1 Imports, Inc. shareholders led by SCSF Equities, LLC and Sun Capital Securities Offshore Fund, Ltd. purchased 1,568,459 shares of the company's stock from Feb. 26 to March 5 priced from $6.45 to $6.60, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 4,473,459 shares, or 5.1%, of the Fort Worth, Texas specialty retailer.

Pier 1 (NYSE: PIR) closed at $7.01 on March 13.

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