Ramius Capital increases activist stakes in Technology Companies
| November 16th, 2009 | ||
| Contributed by: Hedge Fund Solutions LLC | ||
| Peter Cohen’s Ramius Capital Group has upped its investment in the technology sector, increasing share amounts in wireless services firm Immersion Corporation (NASDAQ: IMMR) and PC motherboard manufacturer Phoenix Technologies Ltd. (NASDAQ: PTEC). According to a recent HFS Catalyst Investment Research Report, Ramius has increased its holdings to 15% of IMMR. It has been aggressively adding shares since August. Ramius Capital also added 535,535 PTEC shares to its current holdings, bringing shares outstanding to 13.4%, representing a 1.6% increase. The firm has been active in PTEC in years past as well, adding two recommended members to the board in 2007 and offering to buy the company in 2007. For more information on Hedge Fund Solutions or to sign-up for their Catalyst Equity Research Reports, please click here. | ||
For Detailed Investor Profiles on these Investors, click below: |
Ramius Capital Group |
Related People: Jeffrey Smith;
Related Entities: Cowen Group Inc. (NASDAQ: COWN);
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Resources and Featured Partner News
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