Domino's gives investor room to take bigger slice

LOS ANGELES, Jan 9 (Reuters) - Domino's Pizza Inc (DPZ.N) said on Friday it raised the maximum stake investor Blue Harbour Group could hold before triggering restrictions aimed at protecting the pizza delivery company from an unwanted takeover.

The parties said in a regulatory filing they had "no current intention to engage in any discussions or negotiations with each other regarding a business combination transaction or other extraordinary transaction involving the company."

At the end of September, Blue Harbour funds owned 6.8 million shares in Domino's, or an 11.9 percent stake.

The agreement raises to 19.95 percent from 15 percent the maximum stake Blue Harbour can hold before Delaware law would usher in limits on the investor's ability to participate in company stock offerings or business combinations. Domino's is incorporated in Delaware.

"This brings that threshold up to 19.95 percent and allows them to buy more stock with fewer restrictions," Domino's spokeswoman Lynn Liddle told Reuters.

Domino's shares closed down 2.1 percent at $6.13 on the New York Stock Exchange, off its 52-week high of $15.18. (Reporting by Lisa Baertlein)