Shareholder Activist Update: Ramius Capital & Riley Investment Management
|April 1st, 2010||
|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: