DealBreaker’s exclusive “SC 13D” alert again pays dividends on the 15 minutes we spent setting it up. Today we discover that HBK investments, you might remember them from not-so-distant accusations of “abusive and improper” short selling in the private investment in public equity (PIPE) markets, or just because they manage around $14 billion, is throwing its weight (about 9.1% of Circuit City’s common stock as well as 8% and 5% of Class A and Class B common respectively) behind the deal, going so far as to indicate that HBK “might also be prepared to provide financing for such a transaction.” And why not? According to their 13G they picked up their initial stake last summer. Doubtless, a transaction would be help soothe the bath they’ve thusfar taken (the stock was floating around $12-$14 last summer). Now they’ve gone active. To wit:
