Prospect Group Inc has a 12.2% holding in Recognition Equipment Inc, Dallas, Texas, and says it may seek to take control of the banking automation equipment builder. Recognition said last week that it is likely to report a loss of between $13m and $15m for its fiscal fourth quarter, which ended on October 13. Prospect is a New York-based leveraged buy-out firm traded Over The Counter that buys into firms that are described as less glamorous.
PROSPECT’s 12% OF RECOGNITION
