GenCorp investor Pirate Capital sells off shares, has 6.8% stake in the company

By Lisa Kerner

Charlotte, N.C., May 23 - GenCorp Inc. investors led by Pirate Capital LLC sold 1,258,400 shares of the company's stock between April 11 and May 22, priced from $12.50 to $14.07, and purchased 25,000 shares at $13.97 each on April 18.

The reporting persons beneficially own 3,827,600 shares, or 6.8% of the shares outstanding, according to a schedule 13D filing with the Securities and Exchange Commission.

GenCorp is a Rancho Cordova, Calif., defense products manufacturer.

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