Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Motient Corp. > News item |
Harbinger acquires additional shares of Motient stock, builds stake to 23.1%
By Lisa Kerner
Charlotte, N.C., April 27 - Harbinger Capital Partners Master Fund I, Ltd. and its affiliates continued to build their stake in Motient Corp. with the purchase of 1,057,150 shares of the company's common stock priced between $9.80 and $11.75 per share between April 23 and April 26.
Harbinger Capital beneficially owns 19,618,480 shares, or 23.1%, of the Lincolnshire, Ill., mobile satellite services company, according to a schedule 13D filed with the Securities and Exchange Commission.
The investor reported a 19.4% stake in the company on April 19.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.