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Riley Investment buys more than 1 million shares of Alliance Semiconductor
By Lisa Kerner
Charlotte, N.C., Jan. 24 - Alliance Semiconductor Corp. shareholders led by Riley Investment Partners Master Fund, LP purchased an additional 1,121,637 shares of the company's stock between Nov. 23 and Jan. 22, upping their stake in the company to 12.4% from 7.8%.
The shares were priced from $0.98 to $1.55 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 4,081,397 shares of the company's outstanding stock. The Santa Clara, Calif., company does not currently have significant operations.
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