BOSTON, Sept 28 (Reuters) – A group of hedge funds headed by Barington Capital Group wants plastics company A. Schulman Inc.(SHLM.O: Quote, Profile, Research), whose shares have lagged the broader market for years, to sell itself to boost its stock price.
This week the hedge funds ratcheted up the pressure by raising Barington’s stake in the Akron, Ohio-based company after management appeared to shrug off shareholders’ request to hire an investment bank to help put the company up for sale.
