Becker Drapkin Management Buys 7.2% Stake In XO Group - Quick Facts

(RTTNews) - Activist investor Becker Drapkin Management LP has bought 7.2 percent stake in XO Group Inc. (XOXO), according to an SEC filing.

According to the filing, the investment firm spend a total amount of $20.0 million, including commissions, to buy 1.94 million common shares of XO Group. The company said they bought the stock based on their belief that the shares of XO Group are undervalued and represent an attractive investment opportunity.

Becker Drapkin QP owns 1,089,061 shares, or 4.046 percent of common stock, while Becker Drapkin, L.P. owns 129,028 shares, or 0.479 percent of common stock.