Del Webb Corp. Stake Sold: Industrial Equity...
- Share via
From Times Staff and Wire Reports
Del Webb Corp. Stake Sold: Industrial Equity Pacific has sold its 9.7% stake in the Phoenix-based retirement community developer to D. S. Kennedy & Co., a San Francisco-based money manager. The transaction, involving 910,900 shares, was done at the end of trading Monday, Webb said. Webb stock closed at $6.375 that day; it closed at $7.125 on Wednesday. Los Angeles investor James Cotter also holds a 9.7% stake in Webb. Kennedy and Industrial Equity officials couldn’t be reached for comment.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.