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Steel Partners buys nearly 3 million EarthLink shares
By Angela McDaniels
Tacoma, Wash., Dec. 6 - EarthLink, Inc. investors led by Steel Partners II, LP purchased 2,779,856 shares of the company's common stock on Dec. 4 and Dec. 5 priced from $6.65 to $6.86 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 11,454,162 shares, or 9.5%, of the company.
On Aug. 23, the investors reported ownership of 8,457,274 shares, or 6.8%, of the Atlanta-based internet service provider.
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