Steel Partners' ownership of Selectica rises to 10.2%

By Lisa Kerner

Charlotte, N.C., April 23 - A group of Selectica, Inc. shareholders led by Steel Partners II, LP, increased their ownership interest to 10.2% from 7.9% with the purchase of 523,996 shares of the company's common stock between April 4 and April 22, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The shares were priced from $1.32 to $1.52 each, the filing stated.

The investors own some 2.9 million shares of the San Jose, Calif., internet software development company.

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