S.A.C. reports 6% stake in Wheeling-Pittsburgh

By Lisa Kerner

Charlotte, N.C., Oct. 22 - Investors led by S.A.C. Capital Advisors, LLC purchased 531,040 shares of Wheeling-Pittsburgh Corp. stock between Aug. 21 and Oct. 19 priced from $16.29 to $20.30 each.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

S.A.C. and the reporting persons own of 926,512 shares, or 6%, of the Wheeling, W.V.-based steel company.

While the investors originally acquired the stock as an investment, the reporting persons "may from time to time engage in discussions" about Wheeling-Pittsburgh's operations and future plans with management, board members and fellow shareholders, the filing stated.

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