Flagstone Reinsurance shareholder Marathon continues to reduce stake

By Lisa Kerner

Charlotte, N.C., Sept. 10 - Marathon Asset Management, LP sold 864,769 shares of Flagstone Reinsurance Holdings Ltd. between Aug. 20 and Sept. 8 priced from $10.53 to $10.92, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Between Aug. 12 and Aug. 19 Marathon sold 322,198 shares priced from $10.9789 to $11.2554 for a 5.9% stake in the company, a prior SEC filing said.

The investor beneficially owns 4,180,608 shares or 4.9% of the Hamilton, Bermuda-based reinsurance and insurance company.

© 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.