BUZZ-Saga: down after majority investor cuts stake
** UK insurer Saga (LSE: SAGA.L - news) down 2.4 pct, 2nd-top FTSE 250 faller, after largest investor sells 6 pct of stake in co via placing
** Sole bookrunner BofA Merrill Lynch says Acromas Bid Co Limited sells about 68.8 mln ordinary Saga shares, at a price of 205p per share, raising about 141 mln stg
** Following placing, Acromas will own about 45 pct of Saga
** Acromas sold 11 pct of its stake in Saga in May
** Acromas is owned by funds managed or advised by Charterhouse Capital Partners, CVC Capital Partners and Permira (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)