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Steel Partners cuts stake in EnPro to 6.6%
By Lisa Kerner
Charlotte, N.C., June 23 - Steel Partners II, LP continued its sell off of EnPro Industries, Inc. with the sale of 324,034 shares between June 9 and June 20 priced from $40.02 to $40.25 each.
The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.
Between June 3 and June 6, Steel Partners sold 253,459 EnPro shares priced from $40.01 to $40.22 each.
Steel Partners beneficially owns 1,334,615 shares, or 6.6% of EnPro.
On April 11, EnPro and Steel Partners announced an agreement to settle the contested election of directors at the 2008 annual meeting of EnPro shareholders on April 30.
Charlotte, N.C.-based EnPro makes sealing products, bearings, compressors and engines.
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