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Flagstone Reinsurance shareholder Marathon continues to reduce stake
By Lisa Kerner
Charlotte, N.C., Sept. 10 - Marathon Asset Management, LP sold 864,769 shares of Flagstone Reinsurance Holdings Ltd. between Aug. 20 and Sept. 8 priced from $10.53 to $10.92, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.
Between Aug. 12 and Aug. 19 Marathon sold 322,198 shares priced from $10.9789 to $11.2554 for a 5.9% stake in the company, a prior SEC filing said.
The investor beneficially owns 4,180,608 shares or 4.9% of the Hamilton, Bermuda-based reinsurance and insurance company.
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