| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rowan Cos., Inc. > News item |
Rowan Cos. investor Steel Partners cuts stake to 7.5%
By Lisa Kerner
Charlotte, N.C., Nov. 24 - Steel Partners II, LP reported the sale of 2.0 million shares of Rowan Cos., Inc. on Nov. 17 for $16.20 each in a schedule 13D/A filed with the Securities and Exchange Commission.
Previously the investor sold approximately 2.15 million shares of Rowan between Sept. 4 and Nov. 4 at prices from $17.69 to $33.85 each, a prior SEC filing said.
Steel Partners beneficially owns 8,493,717 shares, or 7.5%, of the Houston-based provider of contract drilling services.
In addition, Steel Partners holds call options to purchase 500,000 shares at a strike price of $35 per share and call options to purchase 2 million shares at a strike price of $7.50 per share. The call options expire on Jan. 17, 2009.
© 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.