Pirate Capital reduces stake in GenCorp to 4.8%

By Lisa Kerner

Charlotte, N.C., June 8 - GenCorp Inc. investors led by Pirate Capital LLC sold 895,991 shares of the company's stock between May 22 and June 8, priced from $12.50 to $13.71.

The reporting persons beneficially own 2,715,309 shares, or 4.8%, of the shares outstanding, according to a schedule 13D filing with the Securities and Exchange Commission.

GenCorp is a Rancho Cordova, Calif., defense products manufacturer.

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