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Elm Ridge continues to invest in KapStone Paper and Packaging
By Lisa Kerner
Charlotte, N.C., Oct. 6 - KapStone Paper and Packaging Corp. investors led by Elm Ridge Capital Management, LLC increased their ownership interest to 22.2%, from 21.1% on Aug. 22, with the purchase of 406,085 shares.
The shares were acquired between Sept. 10 and Oct. 3 at prices from $0.95 to $6.14 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.
KapStone is a Northbrook Ill.-based producer of kraft paper and converter of inflatable dunnage bags.
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