Shah Capital Nominates Two Independent Director Candidates For Novavax
Portfolio Pulse from Benzinga Newsdesk
Shah Capital, owning 6.7% of Novavax, nominates Suresh Katta and Venkat Peri as independent directors, criticizing the current board for underperformance and failure to capitalize on opportunities.

April 15, 2024 | 10:03 am
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Shah Capital's nomination of two independent directors and criticism of current management could lead to potential strategic shifts and focus on addressing underperformance.
The nomination of new directors by a significant shareholder often leads to increased investor scrutiny and potential strategic changes. Given Shah Capital's critique of Novavax's management and strategy, this move could be seen positively by the market, anticipating that the proposed changes might address the company's underperformance and capitalize on untapped opportunities.
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