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Third Point decreases its stake in Core-Mark by nearly half
By E. Janene Geiss
Philadelphia, Jan. 6 - Third Point LLC slashed its investment to 5.82% in Core-Mark Holding Co., Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 625,000 shares.
Those holdings are down from the passive stake of 10.2%, or 1,064,200 shares, that Third Point reported owning on Dec. 31, 2007, according to an SC 13G/A filing.
On Aug. 9, 2007, Third Point reported a passive stake of 10.2%, or 1,064,200 shares.
On Dec. 31, 2006, it reported owning 8.9%, or 900,000 shares.
Third Point first reported owning 9.9%, or 973,095 shares, on Dec. 14, 2005, according to an SC 13G filing.
San Francisco-based Core-Mark distributes packaged consumer products to the convenience retail industry.
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