Ramius-led investors sell shares of A. Schulman, reduce ownership interest to 4.9%

By Lisa Kerner

Charlotte, N.C., Aug. 7 - Investors led by Ramius Capital LLC cut their stake in A. Schulman Inc. to 4.9% following the sale of 62,544 shares between June 12 and Aug. 5 at prices from $21.83 to $24.54 each.

The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.

Ramius and its affiliates beneficially own 1,296,081 shares of the Akron, Ohio, plastic resins and plastic compound manufacturer.

In January, it was announced that two of the company's four director nominees were re-elected and both of Ramius Capital's nominees, James A. Mitarotonda and Stanley W. Silverman, were elected to the company's board.

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