SRM Global cuts stake in Virgin Media to 7.88%

By Lisa Kerner

Charlotte, N.C., Sept. 3 - SRM Global Fund General Partner Ltd. cut its stake in Virgin Media Inc. to 7.88% with the sale of 3.95 million shares of the company's stock.

The shares were sold between Aug. 22 and Sept. 2 at prices from $10.94 to $11.92 each, according to a schedule 13D filing with the Securities and Exchange Commission.

SRM owns 25,845,200 shares of the New York-based television, broadband and telephone services company's outstanding stock.

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