Orthofix shareholder Ramius seeks support for special meeting

By Lisa Kerner

Charlotte, N.C., Jan. 7 - Orthofix International NV investors led by the Ramius Group are seeking shareholder support to call a special meeting.

Ramius said a special general meeting will give Orthofix shareholders the opportunity to express dissatisfaction with the company and the board and to designate new directors to act in shareholders' best interests.

Shareholders holding 10% or more of all votes entitled to be cast are asked by Ramius to submit written requests in favor of calling the meeting, it was reported in a schedule 14A filed with the Securities and Exchange Commission.

According to Ramius, it owns 854,980 of the 855,192 shares of common stock needed to require Orthofix to call the special meeting.

It was previously reported that Ramius wants to remove James F. Gero, Peter Hewet, Alan Milinazzo and Walter P. von Wartburg from the Orthofix board and replace them with:

• J. Michael Egan, chief executive officer of Steadman Hawkins Research Foundation, an orthopedic research organization;

• Peter A. Feld, Ramius managing director;

• Steven J. Lee, president of SL Consultant Inc., a private investment firm and hedge fund; and

• Charles T. Orsatti, managing partner of Fairfield Capital Partners, Inc., a private equity fund.

Orthofix is a Curacao, the Netherlands Antilles-based diversified orthopedic products company.

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