ValueAct-led investors buy 1.37 million shares of ActivIdentity

By Lisa Kerner

Charlotte, N.C., March 6 - A group of ActivIdentity Corp. investors led by ValueAct SmallCap Master Fund, LP bought 1,367,880 shares of the company's stock between Jan. 7 and March 5.

According to a schedule 13D filed with the Securities and Exchange Commission on Friday, the shares were priced from $1.79 to $2.05 each.

ValueAct beneficially owns 2,533,154 shares, or 5.5%, of the Fremont, Calif., authentication and credential management solutions company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.