Ramius Capital seeks representation on Lamson board

By Lisa Kerner

Charlotte, N.C., April 26 - Admiral Advisors, LLC, a subsidiary of Ramius Capital Group, LLC, believes the Lamson & Sessions Co. delayed scheduling its 2007 annual meeting due to the board's review of strategic alternatives.

The investor, in a letter to the company, noted that the last annual meeting was held on April 28, 2006. The letter was included in a schedule 13D filing with the Securities and Exchange Commission.

Ramius, a New York investment adviser, urged the board to schedule the meeting or add Ramius representatives to the Lamson board.

In addition, Ramius affiliate Starboard Value and Opportunity Master Fund Ltd. filed preliminary proxy materials with the SEC seeking to elect its nominees to the Lamson board.

In a letter to Lamson president and chief executive officer Michael Merriman, the investor said "it is not the board's right to unilaterally decide for the company's shareholders that the current board best represents the interests of the shareholders during these pivotal times."

Ramius had previously asked Lamson's board to consider a sale of its PVC pipe business.

A Jan. 19 letter sent through Admiral Advisors, LLC states that Lamson's shares are "significantly undervalued primarily due to the impact of the PVC pipe business."

Ramius was considering its own nominations to Lamson's board of directors at that time as well.

Lamson is a Cleveland manufacturer of thermoplastic electrical, consumer, telecommunications and engineered sewer products.

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