{"id":3780,"date":"2005-12-28T00:00:00","date_gmt":"2005-12-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-to-cut-stake-in-officemax","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2005\/hedge-fund-to-cut-stake-in-officemax.html","title":{"rendered":"Hedge fund to cut stake in OfficeMax"},"content":{"rendered":"<p>  NEW YORK &#8212; The Boston hedge fund K Capital yesterday said it may sell some of its <a href=\"http:\/\/studio.financialcontent.com\/Engine?Account=bostonglobe&amp;PageName=QUOTE&amp;Ticker=OMX\" target=  \"_new\">OfficeMax Inc.<\/a> shares. That helped send the number three office supplier&#8217;s stock down 11.5 percent, to its lowest close since July 2003.<\/p>\n<p>  The fund, with an 8.4 percent stake in the company, also said it does not intend to initiate a proxy fight to change the slate of directors at the company, despite its continued dissatisfaction. K  Capital said it still believes OfficeMax&#8217;s stock is undervalued and that a breakup or sale of the company may be in shareholders&#8217; best interest.<\/p>\n<p>  <a href=\"http:\/\/www.boston.com\/business\/articles\/2005\/12\/28\/hedge_fund_to_cut_stake_in_officemax\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK &#8212; The Boston hedge fund K Capital yesterday said it may sell some of its OfficeMax Inc. shares. That helped send the number three office supplier&#8217;s stock down 11.5 percent, to its lowest close since July 2003. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3780","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3780"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3780\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}