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Sherborne buys more than 500,000 shares of Nautilus
By Lisa Kerner
Charlotte, N.C., March 3 - Investors led by Sherborne Strategic Fund A, LLC purchased 542,962 shares of Nautilus, Inc. stock between Feb. 22 and Feb. 29 priced from $4.09 to $4.53 per share.
The investors beneficially own 8,438,426 shares, or 26.7%, of the Vancouver, Wash., fitness products company.
Sherborne reported the purchases in a schedule 13D filed with the Securities and Exchange Commission.
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