<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y909</cusip>
			<value>1667875</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1213000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1213000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y959</cusip>
			<value>53445</value>
			<shrsOrPrnAmt>
				<sshPrnamt>101800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>101800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y959</cusip>
			<value>18690</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y959</cusip>
			<value>180340</value>
			<shrsOrPrnAmt>
				<sshPrnamt>101600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>101600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y959</cusip>
			<value>45835</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Actavis Inc.</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G0083B108</cusip>
			<value>4653289</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15635</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15635</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Advent Software Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>007974108</cusip>
			<value>88354050</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2003039</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2003039</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Akamai Technologies Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00971T101</cusip>
			<value>277076</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Altera Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>021441100</cusip>
			<value>1836291</value>
			<shrsOrPrnAmt>
				<sshPrnamt>42794</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>42794</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Annaly Cap Mgmt Inc</nameOfIssuer>
			<titleOfClass>NOTE 5.000% 5/1</titleOfClass>
			<cusip>035710ab8</cusip>
			<value>1503750</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1500000</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>79175</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Applied Materials Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>038222905</cusip>
			<value>287235</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>98200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Aruba Networks Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>043176106</cusip>
			<value>119817154</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4892493</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4892493</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Associated Estates Rlty Corp.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>045604955</cusip>
			<value>47873</value>
			<shrsOrPrnAmt>
				<sshPrnamt>147300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>147300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Associated Estates Rlty Corp.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>045604105</cusip>
			<value>8330981</value>
			<shrsOrPrnAmt>
				<sshPrnamt>337560</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>337560</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AT&amp;T Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00206r902</cusip>
			<value>1124264</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4784100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4784100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Auspex Pharmaceuticals Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05211j102</cusip>
			<value>50956312</value>
			<shrsOrPrnAmt>
				<sshPrnamt>508191</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>508191</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AVG Technologies NV</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>N07831105</cusip>
			<value>1545680</value>
			<shrsOrPrnAmt>
				<sshPrnamt>71394</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>71394</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AVIV REIT INC MD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05381L101</cusip>
			<value>14180798</value>
			<shrsOrPrnAmt>
				<sshPrnamt>388515</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>388515</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Axis Capital Holdings LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G0692U109</cusip>
			<value>5557178</value>
			<shrsOrPrnAmt>
				<sshPrnamt>107739</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>107739</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ball Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>058498106</cusip>
			<value>315761</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4470</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4470</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bank of Kentucky Financial Corporation</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>062896105</cusip>
			<value>13028906</value>
			<shrsOrPrnAmt>
				<sshPrnamt>265625</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>265625</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Barclays Bank Plc</nameOfIssuer>
			<titleOfClass>IPATH S&amp;P 500 VIX</titleOfClass>
			<cusip>06742e711</cusip>
			<value>6895700</value>
			<shrsOrPrnAmt>
				<sshPrnamt>269048</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>269048</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>B/E Aerospace Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>073302101</cusip>
			<value>16305170</value>
			<shrsOrPrnAmt>
				<sshPrnamt>256290</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>256290</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Berry Plastics Group Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>08579w953</cusip>
			<value>19660</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>98300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Berry Plastics Group Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>08579w103</cusip>
			<value>10085683</value>
			<shrsOrPrnAmt>
				<sshPrnamt>278687</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>278687</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bob Evans Farms Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>096761951</cusip>
			<value>9820</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bob Evans Farms Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>096761101</cusip>
			<value>9499213</value>
			<shrsOrPrnAmt>
				<sshPrnamt>205344</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>205344</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>California Res Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13057q107</cusip>
			<value>557105</value>
			<shrsOrPrnAmt>
				<sshPrnamt>73207</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>73207</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Catamaran Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>148887952</cusip>
			<value>13720</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Catamaran Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>148887102</cusip>
			<value>57185967</value>
			<shrsOrPrnAmt>
				<sshPrnamt>960463</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>960463</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>City National Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>178566105</cusip>
			<value>37732328</value>
			<shrsOrPrnAmt>
				<sshPrnamt>423578</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>423578</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cloud Peak Energy Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>18911Q102</cusip>
			<value>2326050</value>
			<shrsOrPrnAmt>
				<sshPrnamt>399665</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>399665</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cobalt International Energy Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>19075F956</cusip>
			<value>24550</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>98200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cobalt International Energy Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>19075F106</cusip>
			<value>3848078</value>
			<shrsOrPrnAmt>
				<sshPrnamt>408935</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>408935</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Consol Energy Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20854p959</cusip>
			<value>117180</value>
			<shrsOrPrnAmt>
				<sshPrnamt>195300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>195300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Consol Energy Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20854p109</cusip>
			<value>17974240</value>
			<shrsOrPrnAmt>
				<sshPrnamt>644469</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>644469</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dicks Sporting Goods Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>253393102</cusip>
			<value>1546481</value>
			<shrsOrPrnAmt>
				<sshPrnamt>27136</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27136</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DirecTV</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25490a309</cusip>
			<value>186706507</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2193966</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2193966</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dish Network Corp</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>25470m109</cusip>
			<value>15502246</value>
			<shrsOrPrnAmt>
				<sshPrnamt>221271</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>221271</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dollar Tree Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>256746958</cusip>
			<value>2495</value>
			<shrsOrPrnAmt>
				<sshPrnamt>99800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>99800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dresser-Rand Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>261608953</cusip>
			<value>47275</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dresser-Rand Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>261608103</cusip>
			<value>160700</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ellis Perry International Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>288853104</cusip>
			<value>4370755</value>
			<shrsOrPrnAmt>
				<sshPrnamt>188720</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>188720</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EMC Corp Mass</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648952</cusip>
			<value>90590</value>
			<shrsOrPrnAmt>
				<sshPrnamt>147300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>147300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EMC Corp Mass</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648102</cusip>
			<value>10121377</value>
			<shrsOrPrnAmt>
				<sshPrnamt>395985</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>395985</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Emulex Corp</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>292475209</cusip>
			<value>35694251</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4478576</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4478576</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exelis Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30162a108</cusip>
			<value>68075426</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2793411</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2793411</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exterran Holdings Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30225X953</cusip>
			<value>22118</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>98300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exterran Holdings Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30225x103</cusip>
			<value>10757607</value>
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				<sshPrnamt>320453</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>320453</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Family Dollar Stores Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>307000959</cusip>
			<value>189800</value>
			<shrsOrPrnAmt>
				<sshPrnamt>379600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>379600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Family Dollar Stores Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>307000109</cusip>
			<value>173872845</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2194256</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2194256</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Freescale Semiconductor Ltd.</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G3727q101</cusip>
			<value>26058479</value>
			<shrsOrPrnAmt>
				<sshPrnamt>639315</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>639315</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Globalstar Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>378973958</cusip>
			<value>945</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Globalstar Inc.</nameOfIssuer>
			<titleOfClass>NOTE 8.000% 4/0</titleOfClass>
			<cusip>378973ad3</cusip>
			<value>4225466</value>
			<shrsOrPrnAmt>
				<sshPrnamt>763150</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1045439</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Globalstar Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>378973408</cusip>
			<value>1384677</value>
			<shrsOrPrnAmt>
				<sshPrnamt>415819</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>415819</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Halliburton Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>406216101</cusip>
			<value>8468006</value>
			<shrsOrPrnAmt>
				<sshPrnamt>192981</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>192981</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Harris Corp Del</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>413875955</cusip>
			<value>7365</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Harris Corp Del</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>413875955</cusip>
			<value>23323</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Harris Corp Del</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>413875105</cusip>
			<value>7841267</value>
			<shrsOrPrnAmt>
				<sshPrnamt>99559</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>99559</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HC2 Holdings Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>404139107</cusip>
			<value>5661862</value>
			<shrsOrPrnAmt>
				<sshPrnamt>517065</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>517065</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hewlett-Packard Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>428236953</cusip>
			<value>120047</value>
			<shrsOrPrnAmt>
				<sshPrnamt>216300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>216300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hewlett-Packard Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>428236103</cusip>
			<value>16033565</value>
			<shrsOrPrnAmt>
				<sshPrnamt>514556</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>514556</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Honeywell International Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>438516106</cusip>
			<value>10431</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hospira Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>441060950</cusip>
			<value>100</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hospira Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>441060100</cusip>
			<value>168973328</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1923649</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1923649</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hubbell Inc</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>443510201</cusip>
			<value>9889697</value>
			<shrsOrPrnAmt>
				<sshPrnamt>90218</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>90218</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hudson Valley Holding Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>444172100</cusip>
			<value>10887078</value>
			<shrsOrPrnAmt>
				<sshPrnamt>425942</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>425942</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hyperion Therapeutics Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>44915n101</cusip>
			<value>44779076</value>
			<shrsOrPrnAmt>
				<sshPrnamt>975579</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>975579</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Illumina Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>452327109</cusip>
			<value>334152</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Informatica Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45666q102</cusip>
			<value>10292904</value>
			<shrsOrPrnAmt>
				<sshPrnamt>234703</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>234703</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ishares Tr</nameOfIssuer>
			<titleOfClass>RUS 1000 VAL ETF</titleOfClass>
			<cusip>464287598</cusip>
			<value>812167</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7879</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7879</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Journal Communications Inc</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>481130102</cusip>
			<value>58613</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3955</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3955</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Juniper Networks Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>48203r104</cusip>
			<value>4327322</value>
			<shrsOrPrnAmt>
				<sshPrnamt>191644</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>191644</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kindred Healthcare Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>494580103</cusip>
			<value>445515</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18727</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>18727</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kofax Ltd</nameOfIssuer>
			<titleOfClass>COM USD</titleOfClass>
			<cusip>G5307c105</cusip>
			<value>65601603</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5991014</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5991014</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>KLX Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>482539953</cusip>
			<value>61350</value>
			<shrsOrPrnAmt>
				<sshPrnamt>81800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>81800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>KLX Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>482539103</cusip>
			<value>11091581</value>
			<shrsOrPrnAmt>
				<sshPrnamt>287794</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>287794</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q906</cusip>
			<value>339643</value>
			<shrsOrPrnAmt>
				<sshPrnamt>131900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>131900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q906</cusip>
			<value>73603</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q906</cusip>
			<value>39375</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q956</cusip>
			<value>7750</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>31000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q956</cusip>
			<value>41168</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q956</cusip>
			<value>104338</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q956</cusip>
			<value>257040</value>
			<shrsOrPrnAmt>
				<sshPrnamt>244800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>244800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q106</cusip>
			<value>15707444</value>
			<shrsOrPrnAmt>
				<sshPrnamt>180307</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>180307</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Liberty Tripadviser Holdings Inc</nameOfIssuer>
			<titleOfClass>COM SER A</titleOfClass>
			<cusip>531465102</cusip>
			<value>4288821</value>
			<shrsOrPrnAmt>
				<sshPrnamt>134911</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>134911</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Life Time Fitness Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>53217r207</cusip>
			<value>47806036</value>
			<shrsOrPrnAmt>
				<sshPrnamt>673704</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>673704</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Macerich Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>554382951</cusip>
			<value>40850</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Macquarie Infrastructure Co LLC</nameOfIssuer>
			<titleOfClass>MEMBERSHIP INT</titleOfClass>
			<cusip>55608b105</cusip>
			<value>362076</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Mavenir Sys Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>577675101</cusip>
			<value>13392299</value>
			<shrsOrPrnAmt>
				<sshPrnamt>754921</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>754921</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Meadwestvaco Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>583334107</cusip>
			<value>102814885</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2061658</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2061658</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Media General Inc New</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58441k100</cusip>
			<value>10355027</value>
			<shrsOrPrnAmt>
				<sshPrnamt>627958</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>627958</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Methanex Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59151k108</cusip>
			<value>10798319</value>
			<shrsOrPrnAmt>
				<sshPrnamt>201574</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>201574</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MGM Resorts International</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>552953951</cusip>
			<value>58144</value>
			<shrsOrPrnAmt>
				<sshPrnamt>147200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>147200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MGM Resorts International</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>552953101</cusip>
			<value>8487645</value>
			<shrsOrPrnAmt>
				<sshPrnamt>403597</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>403597</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Molson Coors Brewing Co</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>60871r959</cusip>
			<value>11070</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Molson Coors Brewing Co</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>60871r959</cusip>
			<value>17835</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Molson Coors Brewing Co</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>60871r209</cusip>
			<value>7764614</value>
			<shrsOrPrnAmt>
				<sshPrnamt>104293</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>104293</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Motorola Solutions Inc</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>620076307</cusip>
			<value>4932647</value>
			<shrsOrPrnAmt>
				<sshPrnamt>73986</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>73986</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MRC Global Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55345k103</cusip>
			<value>14931</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1260</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1260</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Mylan N V</nameOfIssuer>
			<titleOfClass>SHS EURO</titleOfClass>
			<cusip>n59465959</cusip>
			<value>11981</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Mylan N V</nameOfIssuer>
			<titleOfClass>SHS EURO</titleOfClass>
			<cusip>n59465109</cusip>
			<value>12119864</value>
			<shrsOrPrnAmt>
				<sshPrnamt>204210</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>204210</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Office Depot Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>676220106</cusip>
			<value>2777949</value>
			<shrsOrPrnAmt>
				<sshPrnamt>301951</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>301951</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Orbitz Worldwide Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68557k959</cusip>
			<value>104325</value>
			<shrsOrPrnAmt>
				<sshPrnamt>695500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>695500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Orbitz Worldwide Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68557k959</cusip>
			<value>24540</value>
			<shrsOrPrnAmt>
				<sshPrnamt>122700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>122700</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Orbitz Worldwide Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68557k109</cusip>
			<value>18678364</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1601918</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1601918</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Partner Re Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G6852T905</cusip>
			<value>69375</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Partner Re Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G6852T955</cusip>
			<value>7650</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Put</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Peabody Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>704549104</cusip>
			<value>1017476</value>
			<shrsOrPrnAmt>
				<sshPrnamt>206804</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>206804</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Pepco Holdings Inc.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713291102</cusip>
			<value>9684074</value>
			<shrsOrPrnAmt>
				<sshPrnamt>360942</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<nameOfIssuer>Polypore International Inc.</nameOfIssuer>
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			<nameOfIssuer>Priceline Group Inc</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>Quanta Svcs Inc</nameOfIssuer>
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			<nameOfIssuer>Red Hat Inc</nameOfIssuer>
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		<infoTable>
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		<infoTable>
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</informationTable>
