Southern Union investor Sandell sells more than 4.3 million shares

By Lisa Kerner

Charlotte, N.C., Aug. 14 - Southern Union Co. shareholder Sandell Asset Management Corp. sold 4,325,079 shares of the company's stock between July 30 and Aug. 14 priced from $18.49 to $19.88 each, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

Between June 17 and July 29, Sandell sold 1,884,840 shares, a prior SEC filing said.

Sandell beneficially owns 4,426,887 shares, or 3.57%, of the Houston natural gas company's outstanding stock.

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