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Per Dayton Daily News 10/21/99, Bennett Mgt Corp (Stamford, CN) has been buying EBSC stock since August and now has a $6 million stake representing over 5% of outstanding shares. Bennett is supporting current EBSC management on new store format and stock buyback, and does not agree with Nierenberg (the next largest stockholder) who has called for management to be replaced or the business sold. Bennett made very positive comments about EBSC (undervalued with strong appreciation potential,) which should be no surprise considering their interest in the company.
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