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Harbinger sells 20 million shares of Calpine, drops stake to 15.1%
By Lisa Kerner
Charlotte, N.C., Sept. 29 - A group of Calpine Corp. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. sold 20 million shares on Monday for $11.40 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.
As previously reported, Calpine announced on Sept. 22 that Harbinger would sell 20 million shares in a public secondary offering.
Between July 9 and Sept. 16, Harbinger sold a net 525,750 shares, a prior SEC filing said.
Harbinger beneficially owns 66,980,047 shares, or 15.1%, of the San Jose, Calif., power company.
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