Pliant shareholder Harbinger sells convertible preferred stock, no longer has stake in company

By Lisa Kerner

Charlotte, N.C., Dec. 5 - Harbinger Capital Partners Master Fund I, Ltd. sold 72,500 shares of Pliant Corp.'s series AA 13% cumulative redeemable convertible preferred stock on Dec. 3 for $0.31 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

The investor and its affiliates no longer have a stake in the Schaumburg, Ill.-based producer of value-added film and flexible packaging products.

© 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.