Lavazza Lowers Stake in Green Mountain Coffee Roasters (GMCR) Below 5%
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In an amended 13D filing on Green Mountain Coffee Roasters (NASDAQ: GMCR), Lavazza disclosed a 4.99%, or 7,724,991 share, stake in the company. This is down 9.26% from the 8,513,752 shares held at the end of the latest quarter ending September 30, 2000.
From the filing:
As previously disclosed, Lavazza intended to sell approximately 790,000 additional shares of Common Stock in order to reduce its holdings to a level below 5%. On February 24, 2012, Lavazza sold 788,761 shares of Common Stock in open market transactions, and as a result now holds below 5%. Lavazza does not currently intend to sell any additional shares. Lavazza has not determined whether it will seek to enter into a Hedge Transaction. Lavazza intends to continue to review its investment and market conditions generally and for shares of Common Stock in particular and may, subject to the Issuer’s trading window policies and the terms of the SPA and the Second Amendment, determine to enter into a Hedge Transaction or, in the future, purchase or sell additional shares of Common Stock. Consistent with its continuing intention to maintain a long-term relationship with the Issuer, Lavazza currently intends to continue to hold all or a significant part of its current investment, subject to the terms of the SPA and the Second Amendment, including any lock-up for an Additional Restricted Period as described above.
For more notable holders of Green Mountain Coffee Roasters stock click here.
From the filing:
As previously disclosed, Lavazza intended to sell approximately 790,000 additional shares of Common Stock in order to reduce its holdings to a level below 5%. On February 24, 2012, Lavazza sold 788,761 shares of Common Stock in open market transactions, and as a result now holds below 5%. Lavazza does not currently intend to sell any additional shares. Lavazza has not determined whether it will seek to enter into a Hedge Transaction. Lavazza intends to continue to review its investment and market conditions generally and for shares of Common Stock in particular and may, subject to the Issuer’s trading window policies and the terms of the SPA and the Second Amendment, determine to enter into a Hedge Transaction or, in the future, purchase or sell additional shares of Common Stock. Consistent with its continuing intention to maintain a long-term relationship with the Issuer, Lavazza currently intends to continue to hold all or a significant part of its current investment, subject to the terms of the SPA and the Second Amendment, including any lock-up for an Additional Restricted Period as described above.
For more notable holders of Green Mountain Coffee Roasters stock click here.
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