Ramius is planning to spin off its value and opportunity business. The unit, which focuses on investing in deep value situations using shareholder activism to generate superior returns, will be spun off into a stand-alone and independent business that will be managed by Starboard Value.
Ramius will retain a significant minority interest in Starboard. The new business will continue to be headed by Jeff Smith, Mark Mitchell and Peter Feld. The separation is expected to be completed by March 31, 2011.
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