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Tennenbaum Capital buys 974,000 shares of Online Resources
By Lisa Kerner
Charlotte, N.C., Aug. 5 - Tennenbaum Capital Partners, LLC acquired 974,000 shares of Online Resources Corp. for $6,626,122, or $6.803 per share, on July 31.
With the purchase, Tennenbaum has a 22.3% ownership interest in the Chantilly, Va.-based web-based financial services company, according to a schedule 13D filed with the Securities and Exchange Commission.
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