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Soros ups his stake in Cirrus Logic
Submitted by admin on Mon, 12/31/2007 - 04:08
Billionaire George Soros boosted his piece of Austin-based Cirrus Logic Inc. by fivefold this month.The Soros Management Fund now holds 4.62 million shares, or 5.2 percent, of the chipmaker, according to Dec. 26 U.S. Securities and Exchange Commission filing. The fund previously held 679,000 shares.
The purchase was made on Dec. 14 when shares hit $4.76 and makes Soros the second largest investor in Cirrus Logic.
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