Connect to share and comment
NEW YORK, N.Y. - Liberty Media Corp. says it is cutting its stake in Barnes
The investment company controlled by billionaire investor John Malone gave Barnes
But now Liberty says it is selling the majority of its shares to institutional buyers. It will keep 10 per cent of its original investment and lose its two board seats.
Shares fell $2.13, or 9.62 per cent, to $19.98 in morning trading Thursday. The stock had been up 48 per cent this year.
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.