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Riley reports 7.8% stake in Alliance Semiconductor
By Lisa Kerner
Charlotte, N.C., July 16 - Alliance Semiconductor Corp. shareholders led by Riley Investment Partners Master Fund, LP purchased 563,563 shares of the company's stock between July 6 and July 12, priced from $2.63 to $5.75 per share.
The reporting persons beneficially own 2,538,820 shares, or 7.8%, of the company's outstanding stock. The Santa Clara, Calif., company does not currently have significant operations.
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