Hedge fund Highbridge Capital Management has revealed a 5.04 percent stake in builder Beazer Homes USA, Market Watch reports. Highbridge is owned by JPMorgan Chase & Co.
Its holdings include, 642,000 shares, $400,299 aggregate principal amount of 7.5 percent mandatory convertible subordinated notes scheduled 2013, 7.25 percent tangible equity units, and call rights to buy 50,000 shares. Beazer’s shares are inactive in after-market trading.
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