Brierley sells $2.87 mln of GPG shares half-way through wind-down

Wed, 31 Oct 2012

By Paul McBeth Nov 1 (BusinessDesk) - Veteran corporate raider Ron Brierley sold $2.87 million of shares in Guinness Peat Group as the investment company hits the half-way point in liquidating its portfolio. Brierley, now based in Sydney, sold some 1.57 million shares at 58 cents apiece on Oct. 26 and 3.43 million shares at 57 cents on Oct. 29, leaving him with 46.88 million shares, or 2.89 percent of GPG, according to a regulatory notice. At today's trading price of 57 cents, that's worth $26.72 million. The sales came after GPG announced...

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