Solutia investor Harbinger sells 1.51 million shares, keeps 4.4% stake

By Lisa Kerner

Charlotte, N.C., Dec. 3 - Solutia Inc. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situation Fund, LP sold 1,505,853 shares of the company's stock priced from $10.86 to $11.18 each between Nov. 23 and Dec. 1, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Between Oct. 27 and Nov. 20, Harbinger sold 1,362,000 shares a kept a 5.7% stake, a prior SEC filing said.

Harbinger beneficially owns 5,391,200 shares, or 4.4%, of the St. Louis-based performance materials and specialty chemicals company.

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