Sandell Asset Management Corp.

Sandell Asset Management as of Sept. 30, 2011

Portfolio Holdings for Sandell Asset Management

Sandell Asset Management holds 19 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
McGraw-Hill Companies 15.7 $36M 869k 41.00
Family Dollar Stores 13.9 $32M 620k 50.86
Cephalon 12.1 $28M 340k 80.70
Dollar Thrifty Automotive 8.8 $20M 353k 56.30
Arch Chemicals 8.2 $19M 395k 46.92
SPDR Gold Trust (GLD) 7.4 $17M 106k 158.06
Visteon Corporation (VC) 6.4 $14M 336k 43.00
Industries N shs - a - (LYB) 6.3 $14M 587k 24.43
NiSource (NI) 3.9 $8.9M 418k 21.38
TPC 3.4 $7.7M 384k 20.08
Marathon Petroleum Corp (MPC) 3.1 $6.9M 256k 27.06
Chemtura Corporation 2.6 $6.0M 595k 10.03
Semgroup Corp cl a 2.5 $5.6M 283k 19.96
Marathon Oil Corporation (MRO) 1.8 $4.0M 186k 21.58
General Motors Company (GM) 1.7 $3.8M 190k 20.18
General Mtrs Co *w exp 07/10/201 0.7 $1.6M 82k 20.18
General Mtrs Co *w exp 07/10/201 0.7 $1.6M 82k 20.18
China Fire & Security (CFSG) 0.5 $1.2M 135k 8.77
iShares Dow Jones US Energy Sector (IYE) 0.2 $424k 13k 33.92