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BRIEF-Loeb Management reports 5.16 pct stake in Pervasive Software

Oct 10 (Reuters) - Loeb Management Holding :

* Reports 5.16 percent stake in Pervasive Software Inc as of October

5 - SEC filing

* Believes co should commence formal process to maximize shareholder-value

with view towards selling co to highest bidder

* Source text : * Further company coverage ((Bangalore Newsroom; +1 646 223 8780))