Steel Partners drops stake in Unisys to below 5% with sale of shares

By Angela McDaniels

Tacoma, Wash., July 17 - Unisys Corp. investor Steel Partners II, LP sold 3,380,899 shares of the company's stock for $1.50 to $1.78 apiece, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The sales were made between June 29 and July 7.

Steel Partners II and its affiliates beneficially own 10,206,361 shares, or 2.8%, of the Blue Bell, Pa.-based information technology company.

On June 29, the investors reported beneficial ownership of a 7.2% stake in the company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.