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EarthLink investor Steel Partners cuts ownership stake to under 5%
By Susanna Moon
Chicago, July 17 - EarthLink, Inc. investors led by Steel Partners II, LP sold 581,812 shares of the company's common stock between June 8 and July 16, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors sold the shares at prices from $7.3269 to $8.10.
Steel Partners beneficially owns 2,591,399 shares, or 2.5% of the Atlanta-based internet service provider.
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