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Edelmann buys additional shares of Chesapeake, increases ownership interest to 13.5%
By Lisa Kerner
Charlotte, N.C., Sept. 24 - Edelmann GmbH & Co. KG bought 1,207,069 additional shares of Chesapeake Corp. for $1.45 each on Sept. 19.
With the purchase, Edelmann ups its stake in the company to 13.5% from its initial 7.6% interest reported on Sept. 8, according to a schedule 13D filed with the Securities and Exchange Commission.
Edelmann and Joachim W. Dziallas bought 1,568,800 shares of Chesapeake between July 11 and Aug. 29.
The investors beneficially own 2,775,869 shares of Richmond, Va., specialty paperboard packaging products company.
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