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Pirate Capital affiliates sell shares of P.H. Glatfelter
By Lisa Kerner
Charlotte, N.C., March 21 - P.H. Glatfelter Co. investors led by Pirate Capital LLC and including Jolly Roger Activist Portfolio Co. Ltd. and the Jolly Roger Fund LP sold 532,797 shares of the company's stock between Jan. 22 and March 9 priced from $15.65 to $17.88.
The reporting persons beneficially own 2,201,877 shares, or 4.8%, of the York, Pa., specialty paper manufacturer's stock, according to a schedule 13D filing with the Securities and Exchange Commission.
Glatfelter (NYSE: GLT) closed at $15.70 on March 20.
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