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Prospect News home > News index > List of issuers T > Headlines for TM Entertainment and Media, Inc. > News item
Published on 5/15/2009 in the Prospect News Special Situations Daily.

TM Entertainment and Media investors buy 1.26 million shares

By Lisa Kerner

Charlotte, N.C., May 15 - Investors Malibu Partners LLC and Kenneth Abdalla bought 1,264,050 shares of TM Entertainment and Media, Inc. on May 4 and May 12 priced at $7.70 and $7.71 each, respectively, according to a schedule 13D filed on Friday with the Securities and Exchange Commission.

The investors beneficially own 1,467,650 shares, or 11.7%, of the New York-based company, which currently does not have significant operations.


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