Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Microsoft Corp. > News item |
Pennant Capital sells more than 1.23 million shares of Greenfield Online
By Lisa Kerner
Charlotte, N.C., Sept. 3 - A group of Greenfield Online, Inc. investors led by Pennant Capital Management, LLC sold 1,239,200 shares on Aug. 29 and Sept. 2 for $17.31 each, according to an amended schedule 13D filing with the Securities and Exchange Commission.
With the sale, Pennant's stake drops to 5.2% from the 9.95% reported on July 23.
The investors beneficially own 1,380,800 shares of the company's stock.
Greenfield, a Wilton, Conn., internet survey and comparison shopping solutions company, recently terminated its merger agreement with affiliates of Quadrangle Group and agreed to be acquired by Microsoft Corp. in a cash tender offer valued at approximately $486 million, or $17.50 per share.
© 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.