Phoenix Technologies investor Ramius ups ownership interest to 13.8%

By Lisa Kerner

Charlotte, N.C., Nov. 12 - A group of shareholders led by Ramius Value and Opportunity Master Fund Ltd. bought 258,023 shares of Phoenix Technologies Ltd. between Nov. 6 and Nov. 11.

The shares were priced from $2.58 to $2.75 each, according to a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.

Between Nov. 3 and Nov. 5, Ramius bought 510,535 shares for a 13.4% stake, a prior SEC filing said.

Ramius beneficially owns 4,819,669, or 13.8%, of the Milpitas, Calif., computer software company's shares.

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