	japanese firm has pct of sheldaul shel sumitomo bakelite co ltd a japanese company told the securities and exchange commission it has uired shares of sheldahl inc or pct of the total outstanding common stock sumitomo bakelite said it bought the stock for mln dlrs for investment purposes under an between sumitomo bakelite and sheldahl as long as its stake is more than five pct sumitomo said it has preemptive rights for days following notice of issuance of new sheldahl common stock as long as its stake is over pct it said it is entitled to sheldahl board representation reuter 
