Flow International shareholder Third Point drops stake to 4.65%

By Lisa Kerner

Charlotte, N.C., Dec. 9 - A group of Flow International Corp. investors led by Third Point LLC sold 3,430,800 shares of the company's stock but kept a 4.65% ownership interest.

The shares were sold between Dec. 5 and Dec. 9 priced from $1.358 to $1.388 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.

Third Point beneficially owns 1.75 million shares of Flow.

Based in Kent, Wash., Flow develops and manufactures high-pressure water jet technology equipment used for cutting, cleaning and food-safety applications.

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