CityBizList – Billionaire Jeffrey Gendell’s hedge fund Tontine Capital Partners and related entities have sold Exide Technologies (Nasdaq: XIDE) stock worth $10.12 million, the biggest in ongoing sales since May, according to an SEC filing.
The Greenwich, Conn.-based fund sold 2.3 million shares in the battery maker, of Milton, Ga., at an average price of $4.40 each. The sales were effected through Tontine Capital Management LLC, Tontine Capital Overseas Master Fund LP, Tontine Capital Overseas GP LLC, Tontine Partners LP, Tontine Management LLC, Tontine Overseas Associates LLC and Tontine 25 Overseas Master Fund LP.
