David Geffen holds 10.6% of Pinelands Inc.’s common stock and may increase his holdings to 15%, according to a filing with the Securities & Exchange Commission. On Dec. 6, he filed a premerger notification under the Hart-Scott-Rodino Act with the Federal Trade Commision that he may increase his stake in the parent of WWOR-TV.
Geffen was granted early termination of the waiting period and now may increase his holdings to 15% without any further filings under the HSR Act. Neither Geffen nor his business manager was available for comment. A spokeswoman for Pinelands said she had no information concerning Geffen’s intentions.