Bloomberg News

Harbinger Group Files Sale of Majority Stake Held by Falcone

December 11, 2013

Harbinger Group (HRG:US) Inc. filed documents with the U.S. Securities and Exchange Commission that would permit Philip Falcone’s hedge funds to sell their stake in the publicly traded holding company, valued at about $905 million.

Harbinger Group, based in New York, filed to register 105.2 million shares held by existing investors, including 80.5 million shares owned by Falcone’s Harbinger Capital Partners LLC and its affiliates. Registration of the shares allows the investors to sell the stock on the open market, though they are not required to do so.

To contact the reporter on this story: Miles Weiss in Washington at mweiss@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • HRG
    (Harbinger Group Inc)
    • $11.71 USD
    • -0.03
    • -0.26%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus