SYRACUSE, N.Y. -- Distressed securities investor Bay Harbour Management has increased its stake in Penn Traffic here to 15.8%, the fund said in a government filing. Funds associated with Bay Harbour most recently acquired about 175,000 shares of Penn Traffic stock on over-the-counter exchanges, according to Securities and Exchange Commission filings. Bay Harbour last year pushed for Penn Traffic to publicly report its financial results and condition.
Hedge Fund Reveals Larger Stake in Penn Traffic
SYRACUSE, N.Y. -- Distressed securities investor Bay Harbour Management has increased its stake in Penn Traffic here to 15.8%, the fund said in a government filing.
