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Prospect News home > News index > List of issuers A > Headlines for Adaptec, Inc. > News item
Published on 6/5/2008 in the Prospect News Special Situations Daily.

Steel Partners reports 16.2% stake in Adaptec

By Lisa Kerner

Charlotte, N.C., June 5 - Steel Partners, II LP bought 1,380,384 shares of Adaptec, Inc. between May 12 and June 3 priced from $2.81 to $3.19 each.

The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.

Steel Partners II beneficially owns 19,540,268 shares, or 16.2%, of the Milpitas, Calif., data storage company.


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