Shareholder Activist Update: Ramius Capital & Riley Investment Management

April 1st, 2010
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Contributed by: Hedge Fund Solutions LLC
Last week, Microtune, Inc. (NASDAQ: TUNE) agreed to nominate three individuals recommended by Ramius to its nine-member board. Hedge Fund Solutions mentioned Microtune in two previous Catalyst Research Reports highlighting Ramius’ rapid accumulation of its stock since last October and nomination of four individuals to Microtune’s board last December for election at the next annual meeting. Ramius currently holds 4,950,000 shares of Microtune or 9.2% of shares outstanding.

In other shareholder activist news, Riley Investment Management has increased its ownership of WPCS International Inc. (NASDAQ: WPCS) from 7.0% shares outstanding to 554,152 shares or 7.9% shares outstanding. For more details on this deal, please review our earlier coverage here.
For Detailed Investor Profiles on these Investors, click below:
Ramius Capital Group
Riley Investment Management
Related People: Bryant Riley; Jeffrey Smith; Jeffrey Solomon; Mark R. Mitchell; Morgan Stark; Peter Cohen; Thomas Strauss
Related Entities: B. Riley & Co., Inc.; B. Riley and Co. Retirement Trust; Cowen Group Inc. (NASDAQ: COWN); Ramius Alternative Investments; Ramius Credit Fund; Ramius Enterprise LP; Ramius Intermediate Fund; Ramius Multi-Strategy Fund; Ramius Value and Opportunity Fund; Riley Investment Partners Master Fund LP; SACC Partners
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Resources and Featured Partner News


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