Investor sells off shares of Lamson & Sessions

By Lisa Kerner

Charlotte, N.C., Sept. 20 - Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi sold 285,800 shares of Lamson & Sessions Co. common stock between Aug. 20 and Sept. 19 priced from $26.45 to $26.96 each.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

While the shares were bought for investment purposes, the Ebrahimis "may decide that it is desirable to seek control or influence the management and policies of the issuer's board of directors, by seeking a position as an officer of the issuer, by contractual arrangement with the issuer or by other means," the filing stated.

The reporting persons own 1,123,300 shares, or 7.1%, of the Cleveland-based company. Lamson & Sessions produces thermoplastic enclosures, fittings, wiring outlet boxes and conduits for the electrical, telecommunications, power and wastewater markets.

It was previously reported on Aug. 16 that electrical component manufacturer Thomas & Betts Corp. will acquire Lamson & Sessions in an all-cash transaction valued at $27.00 per share, or some $450 million. The transaction is slated to close in late 2007 pending Lamson & Sessions shareholder approval.

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