Bel Fuse buys 2.5 million shares of Power-One, ups stake to 7.8%

By Susanna Moon

Chicago, Oct. 10 - Power One Inc. investor Bel Fuse Inc. bought 2,499,389 shares in the company, increasing its stake to 7.8%, according to a schedule 13D filing with the Securities and Exchange Commission.

The investor bought the shares between Oct. 3 and Oct. 9 at prices ranging from $1.2697 to $1.3488 on the open market.

As of Oct. 9, Bel Fuse and Bel Ventures Inc. beneficially owned 6,869,441 shares.

Bel Fuse is a Jersey City, N.J., electronics company.

Power-One designs and manufactures power conversion and power management products. The company is located in Camarillo, Calif.

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