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C&D Technologies investor sells shares, drops ownership to 6.11%
By Lisa Kerner
Charlotte, N.C., Sept. 22 - A group of C&D Technologies, Inc. investors led by SCSF Equities, LLC sold 280,733 shares of the company's stock between Sept. 8 and Sept. 18 priced from $2.28 to $2.42 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.
SCSF beneficially owns 1,606,496 shares, or 6.11%, of the Blue Bell, Pa.-based company's outstanding shares.
C&D manufactures, markets and distributes electrical power storage systems for the standby power market.
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