Steel Partners raises stake in Selectica to 13.9%

By Lisa Kerner

Charlotte, N.C., Sept. 11 - A group of Selectica, Inc. shareholders led by Steel Partners II, LP increased their ownership interest to 13.9%. from 12.4% on Aug. 13, with the purchase of 426,723 shares of the company's common stock between Aug. 13 and Sept. 10, it was reported in a schedule 13D/A filing with the Securities and Exchange Commission.

The shares were priced at $1.0538 to $1.1300 each, the filing stated.

The investors own about 3.98 million shares of the San Jose, Calif., internet software development company.

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