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ValueAct Capital buys more than 4 million shares of Dresser-Rand Group
By Lisa Kerner
Charlotte, N.C., Oct. 16 - A group of Dresser-Rand Group Inc. investors led by ValueAct Capital Master Fund, LP bought 4,068,800 shares of the company's stock between Aug. 15 and Oct. 10 at prices from $19.70 to $37.40 each, according to a schedule 13D filed with the Securities and Exchange Commission.
ValueAct and its affiliates beneficially own 4,393,200 shares, or 5.2%, of the company's outstanding stock.
Dresser-Rand is a Houston-based supplier of rotating equipment services to companies that operate in the worldwide oil, gas, petrochemical and process industries.
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