| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TerreStar Corp. > News item |
Harbinger buys additional shares of former Motient
By Lisa Kerner
Charlotte, N.C., Aug. 17 - TerreStar Corp. (formerly Motient Corp.) investor Harbinger Capital Partners Master Fund I, Ltd. bought 550,000 shares of the company's stock, including 190,000 shares on June 22 priced at $12.00 each and 360,000 shares on Aug. 15 at $8.50 each.
The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.
Harbinger owns 28,406,516 shares, or 31.7%, of the Lincolnshire, Ill., mobile satellite services company.
On June 20, the investor reported the purchase of 1,583,313 shares priced from $11.20 to $12.25 each, according to a prior SEC filing. At that time, Harbinger had a 30.2% stake in TerreStar, up from 28.5% on May 30 and 19.4% on April 19.
© 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.