OKLAHOMA CITY-Bank of America Corp. subsidiary Banc of America Strategic Solutions Inc. has agreed to sell approximately 28.6 million shares of Dobson Communications Corp.’s Class A common stock to approximately four dozen institutional investors and funds, cutting the bank’s ownership in Dobson to options to acquire 400,000 Class A shares.
Dobson noted many of the purchasers have acquired its stock prior to the Bank of America decision, and following the deal, none of the purchasers would own more than 10 percent of the carrier’s Class A common stock.
