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Calpine investors Harbinger sells 20 million shares, has 20.6% stake
By Lisa Kerner
Charlotte, N.C., April 30 - A group of Calpine Corp. investors led by Harbinger Capital Partners Master Fund I, Ltd. sold 20 million shares of the company's stock on April 29 for $7.90 per share, according to a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.
Between Feb. 3 and Feb. 23, Harbinger bought 1,400,594 shares of the company's stock for a total interest in the company of 25.2%, a prior SEC filing said.
Harbinger beneficially owns 88,245,497 shares, or 20.6%, of the San Jose, Calif., power company.
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