Frates’ group hiked its Kaiser Aluminum stake.
- Share via
A group led by Oklahoma investor J. A. Frates increased its Kaiser Aluminum holdings to 19.95% of the Oakland-based company’s common stock from 18.6%, the group said in a filing with the Securities and Exchange Commission. The Frates group said it bought 614,000 shares Jan. 29 for $17.50 a share, bringing the group’s total holdings to 8,802,950 shares of Kaiser Aluminum. The Frates group is trying to oust Kaiser Aluminum’s board of directors and take over the company.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
