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Tweedy, Brown cuts stake to less than 5% in Natuzzi
By E. Janene Geiss
Philadelphia, Jan. 7 - Tweedy, Brown Co. LLC decreased its investment to less than 5% in Natuzzi SpA as of Dec. 31, according to an SC 13G filing with the Securities and Exchange Commission.
Those holdings are down from the passive stake of 6.09%, or 3,334,888 American Depositary Receipts, that Tweedy, Brown reported owning on Dec. 31, 2007, according to an SC 13G/A filing.
The investor reported a passive stake of 7.06%, or 3,865,354 ADRs, on Dec. 31, 2006 and a stake of 8.68%, or 4,745,207 ADRs, on Dec. 31, 2005.
The company first reported ownership of 9.13%, or 4,992,067 ADRs, on Dec. 31, 2004.
Natuzzi is a Santeramo, Italy-based furniture designer and manufacturer.
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