A foreign investor sold its stake in Kerr Glass.

Monaco Group Fund SA, a Monte Carlo-based investment fund that last year threatened to launch a proxy battle for two seats on the board of Los Angeles-based Kerr Glass Manufacturing, sold its 7.6% stake. In an SEC filing, Monaco Group said it sold its 270,000 shares of Kerr common Oct. 2 for $11 per share, or $2.97 million.