Third Point sells shares back to AEP

By Lisa Kerner

Charlotte, N.C., May 8 - Investor Daniel S. Loeb of Third Point LLC agreed to sell 300,000 shares of AEP Industries Inc. to the company for $13.2 million under a May 4 purchase agreement.

The investor beneficially owns 697,000, or 8.8%, of the 7,955,223 shares of common stock outstanding as of March 7, according to a schedule 13D filing with the Securities and Exchange Commission.

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