Shah Capital buys additional shares of Milacron

By Jennifer Chiou

New York, Jan. 18 - Milacron Inc. investor Shah Capital Management reported owning 644,000 shares, or 11.6%, of the company's stock in a Jan. 10 schedule 13D/A filing with the Securities and Exchange Commission.

Shah "may at times make proposals to the management if it is judged to raise corporate value," according to the filing.

Shah reported ownership of 527,061 shares, or 9.49%, of the company's stock in a Dec. 5 schedule 13D.

In a Nov. 20 SEC filing, Shah reported owning 322,061 shares, or 5.81%, of Milacron's outstanding stock. The shares were acquired as an investment and the purchase was "not made for acquiring control," the filing stated.

Milacron is a Cincinnati-based supplier of plastics-processing technologies and industrial fluids.

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