Steel Partners reports share purchases, 12.4% stake in Selectica

By Lisa Kerner

Charlotte, N.C., Aug. 13 - A group of Selectica, Inc. shareholders led by Steel Partners II, LP increased their ownership interest to 12.4%, from 11.4% on July 9, with the purchase of 300,486 shares of the company's common stock between July 29 and Aug. 8, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The shares were priced at $1.11 to $1.15 each, the filing stated.

The investors own about 3.56 million shares of the San Jose, Calif., internet software development company.

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