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Activist investor ValueAct Capital, which had built up an 8percent-plus stake in Invensys over recent months, sold 4million shares on Friday at 508.19 pence, trimming its holdingto 7.52 percent, according to regulatory filings, and suggestingperhaps that it is cautious about the prospect of a bid battle.
last-modified: 2021-03-12 13:25:23