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Steel Partners reduces stake in New Frontier Media
By Lisa Kerner
Charlotte, N.C., March 11 - Steel Partners II, LP reported the sale of 262,394 shares of New Frontier Media, Inc. stock.
The shares were sold between Jan. 11 and March 6 priced from $4.98 to $5.00, according to a schedule 13D filing with the Securities and Exchange Commission.
Steel Partners and its affiliates beneficially own some 2.65 million shares, or 11.2%, of the Boulder, Colo., motion picture company.
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