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Harbinger sells off more shares of GeoEye; keeps 30.5% stake
By Lisa Kerner
Charlotte, N.C., Sept. 24 - GeoEye, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. sold 672,592 shares of the company's stock between July 3 and Sept. 21 priced from $22.00 to $24.25 per share, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons own 5,658,951 shares or 30.5% of the Dulles, Va.-based company. GeoEye operates satellites and provides space-based imagery of the earth.
On July 3, Harbinger reported the sale of 197,018 shares of the company's stock and ownership of 6,331,543 shares, or 34.2%, of the company's outstanding stock. Harbinger previously reported on June 18 selling 151,600 shares on June 12 at $24.25 per share.
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