WSJ Reports on Ramius’ Settlement with Analogic Corp.
The Wall Street Journal reported on the successful negotiation of a settlement by Olshan's client Ramius LLC with Analogic Corp. According to the article, Analogic agreed to add a new director, chosen by Ramius, to its Board and agreed to issue a "Financial Pathway Statement" outlining the Company’s strategy for driving enhanced profitability in each of the next three years. Analogic also agreed to appoint an additional independent director to the Board by March 31, 2010. Ramius LLC, which owns about 5 percent of Analogic’s stock, had put forward a slate of directors for election at the next annual meeting.
Steve Wolosky and Andrew M. Freedman represented Ramius in the settlement.