Convergys investor JANA Partners reduces ownership to 6.6% with sale

By Lisa Kerner

Charlotte, N.C., Aug. 6 - JANA Partners LLC sold 2,459,357 shares of Convergys Corp. between June 11 and Aug. 6 priced from $9.25 to $10.55 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

With the sale, JANA drops its stake in the Cincinnati-based relationship management services company to 6.6%. JANA beneficially owns 8,118,418 shares of Convergys' outstanding stock.

Between May 28 and June 1, JANA sold 1,457,737 shares of Convergys priced from $9.02 to $9.34 per share, a prior SEC filing said.

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