Aletheia Research reports 38.15% stake in WorldSpace

By Lisa Kerner

Charlotte, N.C., May 16 - WorldSpace, Inc. investor Aletheia Research & Management, Inc. upped its stake in the company to 38.15%, from 34.27% on March 17, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The investor made a series of buy and sell transactions between March 10 and May 12 resulting in the purchase of 882,449 shares for a total of $1.29 million, or an average per-share price of $1.46.

Aletheia beneficially owns 16,168,494 shares of the Silver Springs, Md., satellite-based radio and broadcasting services company's outstanding stock.

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