BWAY Holding investor ValueAct sells shares, drops interest to 6.2%

By Lisa Kerner

Charlotte, N.C., Dec. 11 - BWAY Holding Co. investors led by ValueAct SmallCap Master Fund, LP sold 309,726 shares of the company's stock between Nov. 16 and Dec. 9 priced from $15.50 to $17.09 each, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

Between Oct. 26 and Nov. 13, ValueAct sold 300,000 shares priced from $16.94 to $18.36 each and kept a 7.6% stake, a prior SEC filing said.

ValueAct beneficially owns 1,365,654 shares, or 6.2%, of the company's outstanding stock.

Atlanta-based BWAY Holding manufactures and distributes metal and rigid plastic containers used primarily by manufacturers of industrial and consumer products for packaging.

© 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.