An investor group may boost its stake in Fairchild.
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The group, led by New York investor George Soros, said it was considering boosting its stake in Fairchild Industries Inc. to as much as 49.9% of the aerospace and aviation company’s outstanding stock. The group, which said it was dissatisfied with Fairchild’s management, already controls 1.65 million Fairchild shares, or 11.5% of the total outstanding. The group said it filed with federal antitrust regulators for clearance to buy enough additional shares to increase its total stake to up to 49.9%.
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