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MAK Capital To Raise Stake In Agilysys

 
By John Ittner
MarketWatch Pulse
     

    NEW YORK -- Agilysys Inc. said it had been notified that MAK Capital Fund and Paloma International intend to increase their ownership of Agilysys' common shares above 20%, but not to exceed one-third. MAK Capital said does not intend, either alone or in concert with any other person, to exercise control of the company.

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