Stake Acquired in Fluorocarbon
From States News Service
A group led by New York investor Rohit M. Desai has acquired a 5.4% stake in Fluorocarbon Co. of Laguna Niguel.
The group, which includes Desai Capital Management Inc., an investment advisory firm, acquired $5 million of debentures that pay an interest rate of 8% and are convertible into common shares at $13.44 each, according to a Securities and Exchange Commission filing.
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