Jackson Hewitt investor Shamrock sells shares, reduces stake to 4.97%

By Lisa Kerner

Charlotte, N.C., Dec. 2 - Shamrock Activist Value Fund, LP sold 313,851 shares of Jackson Hewitt Tax Service Inc. between Nov. 23 and Nov. 30 for a total of $1.29 million.

The shares were priced from $3.99 to $4.19 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.

Shamrock beneficially owns 1,430,026 shares, or 4.97%, of the Parsippany, N.J.-based tax services company.

In June, Shamrock withdrew its stockholder proposal after the company agreed to allow shareholders to vote on the redemption of the company's poison pill.

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