	group cuts zondervan zond o stake to pct one of several investor groups formerly associated with london investor christopher moran in his unsuccessful bid to take over zondervan corp last year said it cut its stake in the company to less than five pct in a filing with the securities and exchange commission the group led by investors lawrence altschul and james apostolakis said it cut its zondervan stake to shares or pct of the total from shares or pct the group which earlier this month said in an sec filing it wanted join with other groups to maximize share values said it sold shares between june and for mln dlrs the group had joined with the moran group which last year assembled a combined pct stake in zondervan during its unsuccessful takeover try last month the moran group broke up and splintered into various factions moran himself withdrew from the takeover effort and last reported his personal stake at pct a group led by miwok capital corp a california broker with a pct stake and another one led by minneapolis stockbroker jeffrey wendel with pct have both made recent sec filings saying they are seeking agreements with other parties who may want to seek control of the company reuter 
