Comments for ICH - Stockpickr! Your Source for Stock Ideas

Comments for ICH

Added By	Comments	Type	Date Added
barrons2	Robino Stortini Holdings, a hedge fund managed by Charles Robino and Michael Stortini, said it will seek effective or actual control of the company, either alone or with members of the company's management. The hedge fund will consider purchasing all or a portion of Investors Capital's common shares held by its controlling stockholder in a negotiated transaction, or try to obtain a majority stake through a tender offer. ICH has both broker-dealer and investment advisory servicing arms. Robino Stortini also said that it will keep the financial-services holding company public. Robino Stortini met with ICH's controlling stockholder last month to discuss a buyout proposal, but the company's management didn't wish to proceed further with a transaction. Robino Stortini holds 761,404 shares (11.7% of the total outstanding).	Love	July 12, 2008