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Highbridge sells some 2.1 million shares of WCI Communities' stock, reduces ownership to less than 5%
By Lisa Kerner
Charlotte, N.C., Dec. 12 - Investors led by Highbridge Capital Management, LLC sold 2,195,000 shares of WCI Communities, Inc. stock, reducing their ownership in the company to 4.02%.
The shares were sold between Oct. 18 and Dec. 11, priced from $4.50 to $5.94 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors beneficially own 1,691,300 shares of the WCI's outstanding stock.
WCI is a Bonita Springs, Fla., builder of master-planned lifestyle communities.
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