Aurinia Board Of Directors Announces Exploration Of Strategic Alternatives To Maximize Shareholder Value; Has Accepted Recent Director Resignations And Has Initiated A Search For New Directors
Portfolio Pulse from Happy Mohamed
Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) has announced that its Board of Directors is exploring strategic alternatives to maximize shareholder value, including a potential sale, merger, or other strategic transaction. The company has not set a timetable for this process. The Board has also accepted the resignations of two directors and has initiated a search for their replacements.
June 29, 2023 | 8:07 pm
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Aurinia Pharmaceuticals is exploring strategic alternatives, including a potential sale or merger, which could impact the company's stock price. The Board has also accepted two director resignations.
The announcement of exploring strategic alternatives, including a potential sale or merger, could lead to increased volatility in the company's stock price. The resignation of two directors could also impact investor sentiment. However, the impact on the stock price will depend on the outcome of these strategic alternatives and the new directors.
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