Blue Harbour's stake in ChoicePoint dips below 5%

By Lisa Kerner

Charlotte, N.C., April 15 - ChoicePoint Inc. investors led by Blue Harbour Group, LP ceased to own more than 5% of the company following the sale of 1,352,548 shares of ChoicePoint stock between March 17 and April 14.

The shares were priced from $48.15 to $48.25 per share, a schedule 13D filing with the Securities and Exchange Commission stated.

Blue Harbour and its affiliates beneficially own 3,291,839 shares or 4.8% of the Alpharetta, Ga.-based identification and credential verification services company.

On Feb. 21, Reed Elsevier agreed to acquire ChoicePoint for $50.00 per share, or $4 billion. It was previously reported that the transaction is expected to close in the summer of 2008.

Reed Elsevier is a publisher and information provider based in London. The company is jointly owned by Reed Elsevier plc and Reed Elsevier NV.

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