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Fine Capital cuts stake in ValueVision Media to 9.3%
By Jennifer Chiou
New York, July 18 - Investors led by Fine Capital Partners, LP lowered their stake in ValueVision Media, Inc. to 9.3% from a reported 10.5% on May 13, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors sold 424,300 shares between June 24 and July 17 for $2.96 to $4.07 each.
Fine Capital and its affiliates beneficially own 3,110,310 shares of the Eden Prairie, Minn., direct marketing company.
On May 13, the company reported that Fine Capital sold 150,000 shares of ValueVision at $4.28 per share.
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