Adaptec: Lichtenstein's Steel Partners Discloses 10.7% Stake

Mar.13.07 | About: ADPT Corp (ADPT-OLD)

In a 13D filing after the close Friday on Adaptec Inc. (OTC:ADPT-OLD), Warren Lichtenstein's Steel Partners II disclosed a 10.7% stake (12.72 million share) in the company.

In a pretty standard disclosure, the firm said it has no current plans or proposals which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D.

The firm said the aggregate purchase price of the 12,717,587 Shares owned by Steel Partners II is $46,833,650, including brokerage commissions (about $3.68/share).