Solutia investor Harbinger Capital sells more than 2.03 million shares

By Lisa Kerner

Charlotte, N.C., April 22 - Harbinger Capital Partners Master Fund I, Ltd. sold a total of 2,031,700 shares of Solutia Inc. on April 20 and April 22 priced from $2.96 to $3.00.

The investor beneficially owns 30,179,020 shares, or 31.9%, of the company's outstanding stock, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.

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

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