Steel Partners enters purchase trading plan, ups stake in GenCorp

By Lisa Kerner

Charlotte, N.C., July 20 - GenCorp Inc. shareholder Steel Partners II entered into a purchase trading plan agreement with broker-dealer Mutual Securities, Inc. on July 18. The trading plan will allow Steel Partners II to buy GenCorp shares in compliance with all applicable laws, including section 10(b) of the Securities Exchange Act of 1934.

The investor owns 5,565,054 shares, or 9.9%, of the Rancho Cordova, Calif., defense products manufacturer, according to a schedule 13D filing with the Securities and Exchange Commission.

On March 5, Steel Partners II reported ownership of 5,155,763 shares, or 9.2%, of GenCorp.

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