Blum Capital Sells 3M Shares of ITT Educational Services (ESI)
In a 13D filing on ITT Educational Services Inc. (NYSE: ESI), Blum Capital disclosed it sold 3 million shares on 11/06, brining its stake to 3,855,130 shares (9.3%).
The firm sold the shares to a broker in a block sale at $68.85 per share. The firm also said in connection with the sale, they entered into a verbal lock-up agreement on November 6, 2006 with the broker, not to sell additional shares of the Issuer's Common Stock for thirty days after the trade date.
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The firm sold the shares to a broker in a block sale at $68.85 per share. The firm also said in connection with the sale, they entered into a verbal lock-up agreement on November 6, 2006 with the broker, not to sell additional shares of the Issuer's Common Stock for thirty days after the trade date.
Sign-Up for E-Mail Alerts on ESI (Free) and 13D Filings (Premium Only)
posted by Lon at 12:41 PM
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