Solutia investor Harbinger sells shares, keeps 25.5% ownership stake

By Lisa Kerner

Charlotte, N.C., June 5 - A group of Solutia Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. dropped their interest in the company to 25.5% from 26.9% with the sale of 1,304,622 shares between May 28 and June 3 at prices from $4.88 to $6.06 per share.

The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between May 20 and May 27, Harbinger sold 1,095,378 shares of the company's stock priced from $4.96 to $5.82, a prior SEC filing said.

Harbinger beneficially owns 24,073,520 shares of the St. Louis-based chemical company's outstanding stock.

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