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Blum Capital's ownership of Avid Technology climbs to 21.4%
By Lisa Kerner
Charlotte, N.C., May 13 - Investors led by Blum Capital Partners, LP upped their stake in Avid Technology Inc. to 21.4% from 20.4% with the purchase of 298,000 additional shares of the company's stock.
The shares were acquired between May 7 and May 9 priced from $20.99 to $21.06 each, according to a schedule 13D filing with the Securities and Exchange Commission.
Blum and its affiliates beneficially own 7,902,093 shares of the Tewksbury, Mass., digital media content provider's stock.
Between May 1 and May 6, Blum acquired 466,036 shares of Avid priced from $20.60 to $21.03 each, a prior SEC filing said.
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