Harbinger buys more than 1.78 million shares of Solutia

By Lisa Kerner

Charlotte, N.C., Aug. 28 - Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, LP bought a total of 1,785,714 shares of Solutia Inc. on Aug. 26 for $14 per share.

The investors beneficially own 32,210,720 shares, or 34.1%, of the company, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Harbinger reported a 24.5% ownership interest in Solutia on Aug. 19.

Solutia is a St. Louis-based manufacturer and provider of performance films, specialty chemicals and nylon products.

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