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Harbinger sells more shares of GeoEye
By Lisa Kerner
Charlotte, N.C., Oct. 31 - GeoEye, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. sold an additional 344,862 shares of the company's stock on Oct. 29 and Oct. 30 priced between $29.47 and $30.35 each.
The sales were reported in a schedule 13D filing with the Securities and Exchange Commission.
Harbinger now owns 2,339,966 shares, or 12.6%, of the Birmingham, Ala.-based company.
GeoEye sells remote-sensing technologies and satellite imagery.
On Oct. 19, Harbinger reported a 14.5% stake in GeoEye, down from 16.2%. It was previously reported that the investors held 5,658,951 shares, or 30.5%, of the company's stock on Sept. 24.
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