Sandell Asset Management Corp.

Sandell Asset Management as of March 31, 2011

Portfolio Holdings for Sandell Asset Management

Sandell Asset Management holds 16 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Qwest Communications International 17.2 $49M 7.2M 6.83
Southern Union Company 16.2 $47M 1.6M 28.62
Genzyme Corporation 12.6 $36M 476k 76.16
AirTran Holdings 8.1 $23M 3.1M 7.45
Fronteer Gold 6.9 $20M 1.3M 15.11
TPC 6.8 $19M 673k 28.87
L-1 Identity Solutions 5.8 $17M 1.4M 11.78
Visteon Corporation (VC) 5.5 $16M 255k 62.49
Industries N shs - a - (LYB) 5.4 $16M 392k 39.55
Chemtura Corporation 4.6 $13M 770k 17.20
Marathon Oil Corporation (MRO) 3.5 $9.9M 186k 53.31
NewAlliance Bancshares 3.0 $8.5M 576k 14.84
Semgroup Corp cl a 2.8 $8.0M 283k 28.16
Alcon 0.5 $1.6M 9.4k 165.55
Alberto-Culver Company 0.5 $1.5M 41k 37.27
Telephone & Data Systems 0.5 $1.4M 42k 33.70