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Article: Swiss Billionaire Gobbles Up Stock of Islandia, N.Y.-Based Software Firm.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 15, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mark Harrington, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News
Oct. 15--Swiss billionaire Walter Haefner, who has been on a buying spree of Computer Associates International Inc. shares for the past two weeks, made his largest purchases to date last Thursday, giving him more shares of the company than owned before.
The purchase came the day after the company dropped a bombshell concerning accounting irregularities that caused the stock price to tumble.
CA shares yesterday closed down 12 cents to $24.55.
Haefner spent around $150 million to buy 5.8 million shares last Thursday, after CA announced its chief ...