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Published on 1/12/2009 in the Prospect News Special Situations Daily.

Earnest Partners cuts stake to 4.9% in Snap-On

By E. Janene Geiss

Philadelphia, Jan. 12 - Earnest Partners, LLC reported a decrease in its investment to 4.9% in Snap-On Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.

That represents a passive stake of 2,806,754 shares.

Those holdings are down from the passive stake of 5.9%, or 3,394,406 shares, that the investor reported owning on Dec. 31, 2007, according to another SC 13G/A filing.

Based in Kenosha, Wis., Snap-On manufactures tools, diagnostic products and equipment.


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