Inter-Atlantic investors Malibu Partners, Abdalla buy 110,400 shares

By Lisa Kerner

Charlotte, N.C., May 15 - Inter-Atlantic Financial, Inc. investors Malibu Partners LLC and Kenneth Abdalla increased their stake in the company to 19.6% with the purchase of 110,400 shares.

The shares were purchased on April 16 and May 14 for $7.71 and $7.76 per share, respectively.

According to a schedule 13D/A filed on Friday with the Securities and Exchange Commission, the investors beneficially own 2,054,180 shares of the company's common stock.

Inter-Atlantic Financial is a blank-check company based in New York that intends to acquire an operating business in the financial services industry.

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