Harbinger Capital ownership of GeoEye drops to 21.5%

By Laura Lutz

Des Moines, Oct. 2 - Investors led by Harbinger Capital Partners Master Fund I, Ltd. decreased their ownership stake in GeoEye, Inc. to 21.5% from 30.5%, according to a schedule 13D filed with the Securities and Exchange Commission on Tuesday.

The investors sold 1,667,001 shares of GeoEye at $24.25 to $25.75 each between Sept. 24 and Sept. 28, reducing the number of shares owned to 3,991,950.

Based in Birmingham, Ala., GeoEye sells remote-sensing technologies and satellite imagery.

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