UPDATE 1-Bisys' No. 2 shareholder opposes Citigroup buyout

(Reuters) - Okumus Capital LLC, a New York-based investment firm, said
it owns about 10.9 percent of Roseland, New Jersey-based Bisys'
shares.




In a June 27 letter to Bisys Chief Executive Robert Casale,
President Ahmet Okumus wrote that "we strongly feel that the
price of $12.00/share offered significantly
undervalues the company."


Read more at Reuters.com Mergers News