Billionaire Lewis Raises Bear Stearns Stake to 8%
By Yalman Onaran
Dec. 7 (Bloomberg) -- Billionaire investor Joseph Lewis raised his bet on Bear Stearns Cos. as the fifth-biggest U.S. securities firm's stock fell 21 percent in the last two months.
The 70-year-old high-school dropout, who acquired a 7 percent stake in September, now has 8 percent, according to a regulatory filing today. That makes him the second-largest shareholder of the New York-based company, whose stock is near a two-year low.
Bloomberg
Bear Stearns
NYSE(quotes): BCS
