Malibu Partners reports 16.3% ownership of Tailwind Financial

By Angela McDaniels

Tacoma, Wash., Oct. 8 - Tailwind Financial Inc. investors Malibu Partners LLC and Kenneth Abdalla purchased 1,116,066 shares of the company's stock between Sept. 5 and Oct. 6.

The shares were priced from $7.57 to $7.94 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 2,550,366 shares, or 16.3%, of the company's stock.

Tailwind Financial is a blank-check company based in Toronto that plans to acquire control of one or more financial services businesses.

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