Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
(NewsTraders) -- A group including Bisco Industries Inc. lifted its stake in Data I/O (DAIO) to 7.5% and now holds 539,200 shares, according to an amended Schedule 13D.

The group also repeated that it is considering whether to propose strategic alternatives that may improve the company's performance and enhance shareholder value to the firm's board. The group also repeated that it may propose an acquisition of the company or the sale of a material amount of assets. It may also solicit proxies to gain representation on the firm's board and hold talks with third parties.

The group purchased 69,100 shares at prices ranging from $2.25 to $2.56 per share between 9/8/98 and 9/25/98 on the NASDAQ.
Print the post Back To Top
Advertisement