Pension fund boosts Western Star investment

MONTREAL (May 22, 2000) — Caisse de depot et placement du Quebec, Canada’s biggest pension fund, invested $5.4 million in Western Star Truck Holdings between February and the end of April, increasing its stake in the truck and bus maker to 10.56% from 8.86%.

The fund paid $5.4 million for 245,400 common shares during the three-month period, according to Reuters news agency report, which cited a filing to the U.S. Securities and Exchange Commission. SEC documents show that the pension fund bought the shares at prices ranging from $20.05 to $25.96 apiece. On Feb. 1, the fund paid $29.06 each for 250,000 shares of Western Star, according to a previous SEC filing.

Since the start of the year, Western Star shares have dropped 21% to $18.80 on the Toronto Stock Exchange.


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