Discovery Group ups stake in Tessco to 6.9%

By Lisa Kerner

Charlotte, N.C., April 14 - Tessco Technologies, Inc. investors led by Discovery Group I, LLC bought 68,598 shares of the company's stock between March 14 and April 10, increasing their ownership interest to 6.9% from 5.5% on March 14.

The shares were priced from $14.13 to $15.50, according to a schedule 13D filing with the Securities and Exchange Commission.

Discovery Group beneficially owns 353,676 shares of Tessco's outstanding stock.

Tessco, located in Hunt Valley, Md., provides integrated product and supply chain solutions to the wireless industry.

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