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Steel Partners' stake in EnPro dips to 4.8%
By Lisa Kerner
Charlotte, N.C., Aug. 1 - Steel Partners II, LP sold 145,493 shares of EnPro Industries, Inc. between July 25 and July 31, reducing its interest in the company to 4.8%, from 5.5% on July 25.
The shares were priced from $36.03 to $36.23 each, according to an amended schedule 13D filed with the Securities and Exchange Commission.
Steel Partners beneficially owns 960,650 shares 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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