Turner Sells 5M AOL Time Warner Shares
Outgoing AOL Time Warner Inc. Vice Chairman Ted Turner sold more than 5 million additional shares of the company’s common stock on Monday, according to a regulatory filing. Turner sold 5 million shares directly and 32,000 shares through Turner Partners LP for $10.05 to $10.61 a share, said the Form 4 released Thursday by the Securities and Exchange Commission. After the transactions, Turner directly owned 107.2 million common shares and indirectly owned 10.6 million common shares, including 7.8 million common shares through Turner Partners LP, in which he is a general partner. AOL Time Warner, of New York, announced Jan.… Read more »