Select Comfort investor Clinton Group reduces interest to 5.73%

By Lisa Kerner

Charlotte, N.C., Sept. 24 - Select Comfort Corp. investors led by Clinton Group, Inc. cut their stake to 5.73% from 6.9% with the sale of 524,859 shares between Sept. 3 and Sept. 23, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

The shares were priced from $2.88 to $5.05 each.

Between Aug. 27 and Sept. 1, Clinton sold 133,330 shares, a prior SEC filing said.

Clinton beneficially owns 2,614,449 shares of the Minneapolis-based adjustable-firmness bed maker.

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