- SoftBank has exited its stake in UTStarcom (UTSI +2.7%), selling 4.9M shares for $2.54/share to Shah Capital, increasing the fund's position in the company to 21.9% from 17.2%.
- SoftBank, which has been a shareholder since 1995, attributed the sale to "an overall change in its investment strategy."
SoftBank sells 4.9M share stake in UTStarcom to Shah Capital
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Symbol | Last Price | % Chg |
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UTSI | - | - |
UTStarcom Holdings Corp. |