Blum Capital's ownership of Avid Technology climbs to 21.4%

By Lisa Kerner

Charlotte, N.C., May 13 - Investors led by Blum Capital Partners, LP upped their stake in Avid Technology Inc. to 21.4% from 20.4% with the purchase of 298,000 additional shares of the company's stock.

The shares were acquired between May 7 and May 9 priced from $20.99 to $21.06 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Blum and its affiliates beneficially own 7,902,093 shares of the Tewksbury, Mass., digital media content provider's stock.

Between May 1 and May 6, Blum acquired 466,036 shares of Avid priced from $20.60 to $21.03 each, a prior SEC filing said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.