Steven Cohen’s hedge fund firm, SAC Capital, has purchased a 5.3% stake in Domino’s Pizza, The Wall Street Journal reports. SAC now owns 3.2 million shares of the food chain owner, adds The New York Times.
The move makes SAC, the fifth biggest shareholder in Domino’s, while the largest investor is Bain Capital. Bain, which now owns a 13.65% stake, acquired Domino’s shares from its founder, Tom Monaghan, in 1998 for $1 billion.
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