(NewsTraders) -- Billionaire investor George Soros and Quantum Industrial Partners plan to sell 1,078,914 Earthlink Network Inc. (ELNK) common shares over the next three months, according to Form 144s released today by the SEC.
Soros detailed plans to sell 145,704 shares with an aggregate market value of about $5,536,752. Quantum plans to sell 933,210 shares with a market value of about $35,461,980. He may be deemed to hold ownership over the shares held by Quantum due to his leadership role in the firm.
The shares will be sold through NationsBanc Montgomery Securities, according to the filings.
Soros last reported holding 1,127,275 common shares and warrants to purchase common shares in an August 3 filing with the SEC.
Quantim last reported holding 945,466 of common class A shares in a Proxy dated August 3. |
