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Avid Technology shareholder Blum buys 541,963 shares
By Lisa Kerner
Charlotte, N.C., Feb. 20 - Investors led by Blum Capital Partners, LP acquired 541,963 shares of Avid Technology Inc. between Feb. 12 and Feb. 19 priced from $10.002 to $10.325 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.
Blum and its affiliates beneficially own 8,473,492 shares, or 22.8%, of the Tewksbury, Mass., digital media content provider's stock.
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