{"id":9555,"date":"2009-01-05T00:00:00","date_gmt":"2009-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chicago-hedge-fund-buys-57-percent-stake-in-adc","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/chicago-hedge-fund-buys-57-percent-stake-in-adc.html","title":{"rendered":"Chicago hedge fund buys 5.7 percent stake in ADC"},"content":{"rendered":"<p>Bizjournals.com &#8211; Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc.<\/p>\n<p>The deal makes Citadel the second-largest holder of Eden Prairie-based ADC&rsquo;s stock and sent the company&rsquo;s shares up 4 percent Friday.<\/p>\n<p>Lord Abbett &amp; Co. remains ADC&rsquo;s largest institutional shareholder, with a 9.52 percent stake. Oppenheimer Funds Inc. is the third-largest holder, with a 4.3 percent share of the company&rsquo;s stock.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bizjournals.com\/twincities\/stories\/2008\/12\/29\/daily23.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bizjournals.com &#8211; Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc. The deal makes Citadel the second-largest holder of Eden Prairie-based ADC&rsquo;s stock and sent the company&rsquo;s shares [&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":[5162,5160,2410,667,2355,5165,5164,5166,5163,5161,243,336],"class_list":["post-9555","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-adc-telecommunications","tag-adc-telecommunications-inc","tag-amp","tag-bizjournals","tag-citadel-investment-group","tag-eden-prairie","tag-institutional-shareholder","tag-lord-abbett","tag-oppenheimer-funds","tag-oppenheimer-funds-inc","tag-percent-stake","tag-stock"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9555","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=9555"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9555\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}