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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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