Ramius-led investors buy more shares of Agilysys

By Lisa Kerner

Charlotte, N.C., June 10 - Investors led by Ramius LLC, Parche LLC and Starboard Value and Opportunity Master Fund, Ltd. bought 274,867 shares of Agilysys, Inc. between June 3 and June 10 priced from $10.91 to $12.05 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

It was previously reported that the investors have in the past and will continue in the future to engage in discussions with the company's management and the board of directors.

According to a prior SEC filing, Ramius and its affiliates may also communicate with other stockholders and third parties concerning the business, operations and future plans of the company, as well as representation on, and potential changes in, the composition of the Agilysys board.

The investors also reserve the right to nominate candidates for election to the board at the 2008 annual meeting, the filing said.

Ramius, Parche and Starboard reported the purchase of a total of 1,568,100 shares of Agilysys stock between April 10 and June 2 priced from $9.78 to $11.38, the prior SEC filing said.

The investors beneficially own 2,123,471 shares, or 9%, of the Boca Raton, Fla., IT solutions provider.

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