Thursday, December 28, 2006

Steel Partners Lowers Stake in Walter Industries (WLT) to 4.3%

In an amended 13D filing on Walter Industries, Inc. (NYSE: WLT), Steel Partners II disclosed a 4.3% stake (1.875 million shares) in the company. The hedge fund disclosed sales of 538,554 shares from 12/21 thru 12/26 at prices from $27.09 to $27.57.

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