Todd Walker's  Instablog

Todd Walker
Send Message
Todd Walker is the Executive Director and Chief Strategist at HedgeTracker, where he is responsible for overseeing research, analytics and business development. He has particular expertise in investments that are popular among elite hedge fund managers, shareholder activists and... More
My company:
My blog:
  • Activist Update: Ramius Capital with Actel Corp and Extreme Networks 0 comments
    Mar 23, 2010 11:37 AM | about stocks: ACTL-OLD, EXTR

    Earlier this month, Actel Corp. (NASDAQ: ACTL) and Ramius Capital revised last year’s settlement agreement with the same terms of three Ramius nominees on an eight person board. Ramius Capital Group currently holds 2,423,665 shares of Actel or 9.3% of shares outstanding.

    Hedge Fund Solutions previously mentioned Actel in its March 6th Catalyst Research Report when it made the settlement agreement with Ramius appointing three people to a board of no more than eight members. Actel was also mentioned in several previous reports about Ramius quickly accumulating its stock since early September 2008 and then sending a letter to Actel’s President and CEO in November 2008 with an analysis indicating Actel’s stock potentially priced between $15.46 and $17.42 per share if its Flash business was sold.

    Ramius also recently announced a 5.8% “active” ownership position in Extreme Networks, Inc. (NASDAQ: EXTR). The firm currently holds 5,228,979 shares of Extreme Networks or 5.8% of shares outstanding.

    Disclosure: No positions

    Stocks: ACTL-OLD, EXTR
Back To Todd Walker's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.