ALPINE RAISES CLAIBORNE STAKE
NEW YORK — A group including Robert M. Bass of the Texas-based Bass family has again raised its stake in Liz Claiborne Inc.
The group, Alpine Capital LP, lifted its stake to 7.9 percent from 6.3 percent, buying 955,500 shares between Aug. 30 and Sept. 14 at prices between $34.49 and $38.04 a share, according to a filing with the Securities and Exchange Commission. Shares of Claiborne closed Monday at 32 11/16, down 5/16 on the New York Stock Exchange. Robert M. Bass is a limited partner in Alpine. The Bass family has substantial interests in oil and real estate.
As reported, Robert Bruce, managing general partner at Alpine, in commenting on the group’s Claiborne stake in August, said, “We are passive, friendly investors. We have admiration for the management of Liz Claiborne.”