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Published on 8/23/2007 in the Prospect News Special Situations Daily.

Citadel reports reduced stake in Standard Pacific

By Lisa Kerner

Charlotte, N.C., Aug. 23 - Citadel LP reported that since Aug. 15 it has not owned more than 10% of Standard Pacific Corp.'s outstanding common stock and has in fact reduced its stake in the company.

The investor owns 3,186,048 shares, or 4.9%, of the Irvine, Calif., home construction company, according to a schedule 13G filing with the Securities and Exchange Commission.


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