Unisys Corp., of Blue Bell, is attracting serious attention of the activist investor
Millbrook Capital Management Inc., run by John S. Dyson. Millbrook has upped its stake from 6 percent to 8.1 percent in recent months, according to
an SEC filing. In other companies, Millbrook often has voted against managers. For example, Millbrook said earlier this week that it was going to vote against the proposed buyout of Axciom Corp., calling the offer too low. Millbrook also has joined with another shareholder, Pirate Capital, to pressure for changes at Brink's Co. (See some background at
StreetInsider.com's 13D Tracker). So what's in store for Unisys? Millbrook didn't return our call today. A spokesman, Jim Kerr, told PhillyInc that it has has a "good relationship" with Millbrook. Trace all of this to Unisys' declines on Wall Street. Its share price has fallen about 40 percent over the past five years, which makes it attractive to so-called value investors. Other big buyers of Unisys stock recently include FMR Corp., parent of Fidelity Investments, which
recently reported that it owned more than 36 million Unisys shares, or a 10.6 percent stake. -- Jonathan Berr
