Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for American Commercial Lines Inc. > News item |
GVI affiliate buys more shares of American Commercial Line
By Lisa Kerner
Charlotte, N.C., Nov. 28 - GVI Holdings, Inc. affiliate EGI-Fund (08-10) Investors, LLC reported the purchase of an additional 40,000 shares of American Commercial Lines Inc. stock on Nov. 27 for a total of about $596,828.
The shares were acquired in the open market and were priced between $14.80 and $15.09 each, or an average price per share of $14.92, according to a schedule 13D filing with the Securities and Exchange Commission.
With the most recent purchase, EGI-Fund (08-10) owns 1,375,000 shares, or 2.7%, of American Commercial's outstanding shares. As previously reported, the fund purchased 460,000 shares of the company's stock on Nov. 26, boosting its stake in the Jeffersonville, Ind.-based marine transportation and service company to 2.6% from 1.7%.
GVI owns 5,317,084 shares, or 10.5%, of American Commercial's outstanding shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.