Icahn affiliates report sale of 3.42 million Guaranty Financial shares

By Lisa Kerner

Charlotte, N.C., Aug. 26 - Affiliates of Carl C. Icahn including High River LP sold 3,415,493 shares of Guaranty Financial Group Inc. on Aug. 25 and Aug. 26 priced from $0.126 to $0.136 each, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

The shares were sold following an Aug. 21 announcement regarding the closure and sale of Guaranty Bank, the filing said.

Icahn beneficially owns 15,104,135 shares, or 13.87%, of the Austin, Texas, financial institution and no longer has economic exposure to any shares through cash-settled swap agreements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.