Fri, October 22, 2010
Harbinger Capital Partners Group has sold 2.9 million New York Times Co. shares, reducing its stake in the company to 7.4%,
the Associated Press reported.
According to
a report on TheStreet.com:
Harbinger has steadily divested shares throughout the year. In April Harbinger disclosed it had a 9.4% stake, which was down from its 12.8% stake at the beginning of 2010.
The Times Co.’s stock price has declined 38% this year, the AP report noted.
(Sources: Associated Press, Oct. 21, 2010; TheStreet.com, Oct. 22, 2010.)
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