Erytech's Battle With Activist Investor Echoes As Pherecydes Pharma Merger Vote Comes Closer
Portfolio Pulse from Vandana Singh
Erytech Pharma is facing opposition from activist investor Akkadian Partners, which owns 5% of the company's stock, over its proposed merger with Pherecydes Pharma. Erytech warns that derailing the merger could destroy the value of both companies, while Akkadian argues that Erytech has sufficient resources to continue trading and grow without the merger.
June 13, 2023 | 6:34 pm
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Erytech Pharma's proposed merger with Pherecydes Pharma faces opposition from activist investor Akkadian Partners, which could impact the company's stock price.
The ongoing battle between Erytech Pharma and Akkadian Partners over the proposed merger with Pherecydes Pharma creates uncertainty for investors. This uncertainty could negatively impact Erytech's stock price in the short term, as investors may be hesitant to invest in a company with unresolved merger issues and potential conflicts with major shareholders.
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