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Select Comfort shareholder Clinton Group reduces ownership to 7.2%
By Lisa Kerner
Charlotte, N.C., Aug. 18 - Select Comfort Corp. investors led by Clinton Group, Inc. cut their stake to 7.2% from 8.1% with the sale of 429,807 shares between Aug. 5 and Aug. 14, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.
The shares were priced from $2.26 to $2.89 each.
Between June 2 and July 30, Clinton sold 174,143 shares, a prior SEC filing said.
Clinton beneficially owns 3,262,638 shares of the Minneapolis-based adjustable-firmness bed maker.
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