Adaptec shareholder Steel Partners buys more than 1.46 million shares

By Lisa Kerner

Charlotte, N.C., Aug. 6 - Steel Partners, II LP bought 1,465,800 shares of Adaptec, Inc. on Aug. 3 through Aug. 5 priced from $2.78 to $2.85 each.

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

Steel Partners beneficially owns 11,603,006 shares, or 9.7%, of the Milpitas, Calif., data storage company.

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