DE Shaw to trim James River stake

Former owner DE Shaw is to sell a 14.5 percent stake in carrier
James River as the hedge fund continues to cut its holding.
The secondary sale of 4.25mn shares - worth about $179mn based
on yesterday's closing price on Nasdaq of $42.04 - will be
handled by Morgan Stanley.
The sale will reduce DE Shaw's holding in the carrier from
36.0 percent to 21.5 percent, James River said yesterday.
The investment firm sold 3mn shares in James River last...