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.
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