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Convergys investor JANA Partners reduces ownership to 8.6% with sale
By Lisa Kerner
Charlotte, N.C., June 3 - JANA Partners LLC sold 1,457,737 shares of Convergys Corp. between May 28 and June 1 priced from $9.02 to $9.34, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.
With the sale, JANA drops its stake in the Cincinnati-based relationship management services company to 8.6%. JANA beneficially owns 10,577,775 shares of Convergys' outstanding stock.
On May 4, JANA sold 5 million shares of Convergys for $9.25 per share, a prior SEC filing said.
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