IHS Chemical Week

People & Business :: People/Executives

Shareholder Group Seeks Sale of Schulman

12:23 PM MDT | October 30, 2007 | Nancy Seewald

Private equity firm Ramius Capital Group (New York), which owns 7.6% of A. Schulman (Akron, OH), says it has nominated four candidates for election to Schulman’s board of directors. The move is an attempt to “help Schulman fully explore strategic alternatives,” including a possible sale, and focus on improving profitability, Ramius says. Ramius disclosed last week that it owns shares in Schulman through its affiliate Starboard Value and Opportunity Master Fund, a Cayman Islands exempted company. “We have been owners of Schulman for several...

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