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GenCorp shareholder sells 688,266 shares
By Lisa Kerner
Charlotte, N.C., March 25 - A group of GenCorp Inc. shareholders led by Sandell Asset Management Corp. sold 688,266 shares of the company's stock between March 19 and March 25 priced from $2.47 to $2.73, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.
The investors beneficially own 4,007,725 shares, or 6.85%, of the Rancho Cordova, Calif., defense products manufacturer.
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