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Ramius To Spin Off Activist Fund Unit
Ramius is planning to spin off its value and opportunity business.
Ramiusis planning to spin off its value and opportunity business. The unit, which focuses on investing in deep value situations using shareholder activism to generate superior returns, will be spun off into a stand-alone and independent business that will be managed byStarboard Value.
Ramius will retain a significant minority interest in Starboard. The new business will continue to be headed byJeff Smith,Mark MitchellandPeter Feld. The separation is expected to be completed by March 31, 2011.
Click here for the release fromBusiness Wire,