Bermuda Investor May Try to Buy Verit Industries

A Bermuda investor raised his stake in Verit Industries and said he might pursue a friendly acquisition of the Sun Valley-based concern.

In a filing with the U.S. Securities and Exchange Commission, Arthur Dalfen said he bought an additional 20,000 shares of Verit between April 10 and Oct. 4, at prices ranging from $3.125 to $5.125 a share. He now holds 75,000 Verit shares.

Dalfen also said he might attempt to buy the company, or purchase a controlling stake or seek a seat on Verit’s board of directors, but that he had no immediate plans to do so.

Verit formerly made stereo loudspeakers and distributed other electronic products. But it has since sold those operations, and its assets are mainly cash. Verit previously has said it is searching for acquisitions with “greater potential for profit.”