John Paulson's hedge fund Paulson & Co has filed a 13D with the SEC regarding the new entity of Dex Media (DXM). Per the filing, Paulson & Co has reported a 10.9% ownership stake with 1,878,927 shares.
Dex Media came to fruition via a merger of Dex One and SuperMedia, both positions Paulson was previously long. As a result, they received a stake in the new entity after reorganization.
Last week, we highlighted how Hayman Capital's Kyle Bass presented the bull case on Dex Media at this year's Ira Sohn Conference.
Per Yahoo Finance, Dex Media "engages in the publication and marketing of directories, which include Yellow Pages and White Pages in the United States. The company also offers Internet-based telephone directory and database marketing services."
Tuesday, May 14, 2013
Paulson & Co Discloses Position in New Dex Media Entity
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