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Published on 7/17/2009 in the Prospect News Special Situations Daily.

Tesco investors led by LRP add shares, boost interest to 13.9%

By Susanna Moon

Chicago, July 17 - Tesco Corp. investors led by LRP V Luxembourg Holdings Sarl bought 244,100 shares of the company, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

The investors paid between $6.73 and $7.45 for the shares from July 9 to July 16.

The investors beneficially owned 5,234,516 shares, or 13.9%, of the company's outstanding stock as of July 16.

Tesco is Houston-based designer and manufacturer of technology-based services for the upstream energy industry.


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