Global Ship Lease chairman buys 867,301 shares, lifts stake to 26%

By Lisa Kerner

Charlotte, N.C., Nov. 20 - Global Ship Lease, Inc. chairman and president Michael S. Gross upped his stake in the company to 26% with the purchase of 867,301 shares between Nov. 16 and Nov. 19 priced from $1.07 to $1.42 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

New York-based Global Ship Lease owns and charters container ships to container liner companies.

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