STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

stb -- here's the story from IR mgr

[Demon11]

Thanks for your e-mail. There was no issuance of new shares. SNCF-Participations, a private equity fund 99‎% owned by SNCF Railway and the French Government, recently completed a strategic review of their entire investment portfolio. Given current world economic issues, including France’s major holding of foreign debt, SNCF-Participations determined that many businesses in their portfolio needed to be monetized and subsequently had to sell shares of STB through a block sale with several Canadian banks. They are doing this with other investments in their portfolio as well as they are in a financial crunch. And no dividend cuts. We’ve paid them for over ten years now and will continue to do so. Fiscal Year 2016 is off to a great start. 

Assuming the info provided by STB is correct this appears tobe a rather benign transaction - a bit of an oiver reaction has resulted re" volume