Tessera, Under Siege, Attracts Another Hedge Fund

Law360, New York (May 17, 2013, 3:45 PM EDT) -- Tessera Technologies Inc., the semiconductor maker already fending off demands from one hedge fund shareholder, picked up another on Friday as SAC Capital Advisers LP disclosed a 5 percent stake.

SAC, the hedge fund currently at the center of an insider trading scandal, did not say in its U.S. Securities and Exchange Commission filing whether it had plans to increase its stake or push for changes at the company.

Steven A. Cohen's $14 billion group of funds isn't known for stirring the pot, but has occasionally...
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