diff --git a/gnome-panel.spec b/gnome-panel.spec
index 8e3bf00..a0897bf 100644
--- a/gnome-panel.spec
+++ b/gnome-panel.spec
@@ -23,7 +23,7 @@
 Summary: GNOME panel
 Name: gnome-panel
 Version: 2.27.4
-Release: 3%{?dist}
+Release: 4%{?dist}
 URL: http://www.gnome.org
 Source0: http://download.gnome.org/sources/gnome-panel/2.27/%{name}-%{version}.tar.bz2
 
@@ -87,6 +87,7 @@ BuildRequires: librsvg2-devel
 BuildRequires: NetworkManager-devel
 BuildRequires: intltool
 BuildRequires: gettext-devel
+BuildRequires: libtool
 
 Patch0: gnome-panel-2.23.4-vendor.patch
 Patch1: gnome-panel-2.10.1-speak-to-us-ye-old-wise-fish.patch
@@ -182,6 +183,7 @@ cp -f %{SOURCE3} gnome-panel/panel-default-setup.entries
 cp -f %{SOURCE4} m4
 cp -f %{SOURCE5} gnome-panel/panel-compatibility.schemas
 
+libtoolize -f
 aclocal -I m4
 automake
 autoconf
@@ -201,6 +203,7 @@ done
 
 %build
 %configure \
+   --disable-shave \
    --disable-gtk-doc \
    --disable-scrollkeeper \
 %if %{use_evolution_data_server}
@@ -209,6 +212,10 @@ done
    --enable-eds=no
 %endif
 
+# drop unneeded direct library deps with --as-needed
+# libtool doesn't make this easy, so we do it the hard way
+sed -i -e 's/ -shared / -Wl,-O1,--as-needed\0 /g' -e 's/    if test "$export_dynamic" = yes && test -n "$export_dynamic_flag_spec"; then/      func_append compile_command " -Wl,-O1,--as-needed"\n      func_append finalize_command " -Wl,-O1,--as-needed"\n\0/' libtool
+
 make
 
 %install
@@ -371,6 +378,9 @@ fi
 %{_datadir}/gtk-doc/html/*
 
 %changelog
+* Mon Jul 27 2009 Matthias Clasen <mclasen@redhat.com> 2.27.4-4
+- Drop unneeded direct deps
+
 * Fri Jul 24 2009 Ray Strode <rstrode@redhat.com> 2.27.4-3
 - Make my panels show up again on login (gnome bug 589632)