Berggruen eliminates holdings in Massbank, sells 53,131 shares

By Susanna Moon

Chicago, Aug. 15 - Berggruen Holdings North America Ltd. sold all of its 53,131 shares in Massbank Corp., according to an amended schedule 13-D filing with the Securities and Exchange Commission.

The investor sold shares between July 18 and Aug. 14 at prices from $39.7198 and $39.8259.

As of the close of business on Aug. 14, the reporting persons led by Seidman and Associates, LLC beneficially owned 264,483 shares, or 6.25% of the company.

Boston-based Eastern Bank is an independent, mutually owned commercial banking franchise in New England.

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