Newport Global buys more than 8 million shares of Primus Telecommunications

By Lisa Kerner

Charlotte, N.C., June 11 - Primus Telecommunications Group, Inc. shareholders led by Newport Global Opportunities Fund LP bought 8,100,451 shares of the company's stock as an investment between March 29 and June 8, priced from $0.55 to $0.99 per share.

The reporting persons beneficially own 8,100,451 shares, or 7.1%, of the McLean, Va., communications company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

© 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.