Sun Microsystems investor sells more than 127.72 million shares

By Lisa Kerner

Charlotte, N.C., April 21 - A group of Sun Microsystems, Inc. shareholders led by Southeastern Asset Management, Inc. decreased its stake in the company's stock to 111,000 shares, or 0.1%.

On April 20, Southeastern sold 127,639,298 shares of the company's stock priced from $9.04 to $9.09 to each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

The investors sold 53,400 shares on Feb. 27 for $4.80 each and sold 33,000 shares on April 8 for $6.39 each, the filing said.

On Monday, Oracle Corp., a Redwood City, Calif.-based enterprise software company, announced it agreed to acquire Sun for $9.50 cash per share in a deal valued at approximately $7.4 billion including debt.

Sun is a Santa Clara, Calif., networking computing technologies company.

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