Business Services Industry

New York firm boosts stake in Kansas City, Mo., utility Aquila.

Knight Ridder/Tribune Business News, October, 2004

By Steve Everly, The Kansas City Star, Mo. Knight Ridder/Tribune Business News

Oct. 5--A New York investment company raised its stake in Aquila Inc. to nearly 10 percent and will take an "active interest" in the company, according to a regulatory filing.

Oz Management's stake in Aquila has increased to 9.6 percent of the company's stock or 24.3 million shares. That is about double the figures it reported early this year in filings with the Securities and Exchange Commission. The recent figures, also filed with the SEC, include the shares embedded in units of income equity securities that eventually will convert into stock.

In the recent regulatory filing, Oz said that because of its significant holdings, it would take an active...

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