For the second time in as many weeks, a group of shareholders in Eugene-based PW Eagle Inc. wants the pipe extruder to pursue strategic moneymaking alternatives, including the possibility of selling the firm.
This time, Caxton International Ltd., a Hamilton, Bermuda-based investment outfit, is saying the returns on a sale would far exceed the value of PW Eagle stock.
Caxton International owns 669,000 shares, or about 6 percent of the company, according to filings with the Securities and Exchange Commission.
Last week, private equity firm Pirate Capital LLC also suggested a sale. The Norwalk, Conn.-based group owns 18 percent of the company and wants to make changes to PW Eagle's board of directors.
PW Eagle reported profit of $39.1 million for the quarter ended Dec. 31 and profit of $47 million for 2005.