Group Raises Stake in Platinum Software
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IRVINE — BKP Capital Management Inc. and its affiliates raised their stake in Irvine-based Platinum Software Corp. to 8.1% from 7.1% of the financial software developer’s common stock.
The investment group purchased 208,500 shares at $10.98 to $12.75 a share between Oct. 28 and Dec. 6, according to a report filed this week with the Securities and Exchange Commission. BKP investors now hold 1.49 million shares in Platinum Software, which has been trading around $12.50 per share on the Nasdaq market.
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