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SAC Capital slashes stake to less than 1% in Akorn
By E. Janene Geiss
Philadelphia, Jan. 9 - SAC Capital Advisors, LLC cut its investment to 0.03% in Akorn, Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 235,000 shares.
Those holdings are down from the passive stake of 3.3%, or 2,931,256 shares, that Putnam first reported owning on June 25, 2008, according to an SC 13G filing.
Akorn is a pharmaceutical company based in Buffalo Grove, Ill.
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