Sharcki,
PalTalk's freeezing up on mr, so I'll post this here for da room:
WASHINGTON (Dow Jones)TRW Inc. (TRW), which has been a frequent seller of RF Micro Devices Inc. (RFMD) stock, filed to sell another 3 million shares, according to a Form 144 released Friday by the Securities and Exchange Commission.
TRW listed Oct. 31 as the approximate date of sale for the shares, which it valued at $58.05 million.
Shares of RF Micro recently traded at $21.06.
The filing listed Banc of American Securities LLC as the broker for the sale.
As reported Oct. 25, TRW cut its RF Micro stake to 6.9% after selling 2,725,000 shares between Oct. 16 and Oct. 24. In previous 13D filings, the company has sold about 9.5 million shares between July 5 and Oct. 15.
Friday's filing also disclosed that TRW sold a total of 1,490,000 shares between Oct. 25 and Oct. 30.
TRW has told Dow Jones Newswires it was selling shares to reduce its debt.
RF Micro Devices, Greensboro, N.C., researches, develops, designs and markets radio frequency integrated circuits for wireless communication applications.
TRW provides products and services for the automotive, aerospace and information systems markets.
By Ben Siegel, Dow Jones Newswires; 2026287689
(END) DOW JONES NEWS 110201 |
