Ramius-led investors continue to sell shares of Kensey Nash

By Lisa Kerner

Charlotte, N.C., July 11 - A group of investors led by Ramius LLC, Parche LLC and Starboard Value and Opportunity Master Fund Ltd. reduced their stake in Kensey Nash Corp. to 18.1%, from 19.8% on June 27, with the sale of 197,000 shares of the company's stock.

The shares were sold between June 30 and July 11 priced from $32.05 to $34.29.

The investors beneficially own 2,108,240 shares of the Exton, Pa., medical technology company, according to a schedule 13D filed with the Securities and Exchange Commission.

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