October 07, 2008

TPG Axon Capital discloses 6.1% stake in CMC

It is reported that in a 13G filing TPG Axon Capital disclosed a 6.1% stake in Commercial Metals Co. It had not show a stake in the Commercial Metals at the quarter ended September 30th 2007.

TPG Axon Capital is a leading global investment firm with over USD 5.8 billion of capital invested in public and private markets around the world. TPG Axon is led by the former head of Goldman Sachs' Principal Strategies Department Mr Dinakar Singh.

Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.