- Blum Capital takes stake in Getty, may seek change:
Investment fund Blum Capital Partners has taken a 5 percent stake in Getty Images Inc., saying it might engage in discussions about an "extraordinary corporate transaction" or changes in the board or management, according to a regulatory filing on Monday.
Blum said in a filing with the U.S. Securities and Exchange Commission that it had no specific plans for a major transaction or proposal, but might engage other shareholders, board members or company representatives in talks.
Getty, the world's largest provider of stock and editorial photography, has been investigating its past stock option grant practices and related accounting.
Reuters.
Related:
- Getty Images Announces Additional Extension of Consent Solicitation for 0.50% Convertible Subordinated Debentures, Series B due 2023 (Jan. 25, 2007)
- Getty Images Extends Consent Solicitation for 0.50% Convertible Subordinated Debentures, Series B Due 2023 (Jan. 18, 2007)
- Getty Images downgraded to "sell" (Jan. 16, 2007)
- Getty Images Proposes Cash Payment To Consenting Debentures Holders (Jan. 05, 2007)
- Getty Images says received two default notices (Nov. 30, 2006)
- Shuman & Berens LLP Encourages Stockholder Of Getty Images To Consider Their Legal Options (Nov. 15, 2006)
- Getty Images Announces Delay in Filing Form 10-Q, Forms Special Committee to Investigate Stock Option Grants (Nov. 10, 2006), also here.
Tags: Getty Images Blum Capital
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