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NEW YORK - Investment adviser Highland Capital Management LP has taken a 7.7 percent passive stake in Solutia Inc., a chemicals maker that exited bankruptcy last week, according to a Securities and Exchange Commission filing Thursday.
| SOA | 6.08 |  0.37 |
Highland reported holding 4.7 million shares of the St. Louis, Mo., company.
Highland disclosed the stake in an amended Schedule 13G filing, which indicates the investment is passive, and that the shares weren't acquired to change or influence control of the company.
Solutia shares fell 2 cents to $14.99 in morning trading.
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