Ramius buys more than 1.68 million shares of Actel

By Lisa Kerner

Charlotte, N.C., Oct. 14 - A group of Actel Corp. shareholders led by Ramius Value and Opportunity Master Fund Ltd. bought 1,689,039 shares for an initial stake in the company of 6.6%.

The shares were acquired between Sept. 3 and Oct. 10 at prices from $10.0553 to $14.00 each, according to a schedule 13D filed with the Securities and Exchange Commission.

Actel, based in Mountain View, Calif., designs, develops and markets flash- and antifuse-based field-programmable gate arrays.

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