Novavax shares are trading higher after Shah Capital withdrew its proxy campaign against the re-election of directors at Novavax's 2024 Annual Meeting.
Portfolio Pulse from Benzinga Newsdesk
Novavax shares are trading higher after Shah Capital withdrew its proxy campaign against the re-election of directors at Novavax's 2024 Annual Meeting.
May 20, 2024 | 4:08 pm
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POSITIVE IMPACT
Novavax shares are trading higher following the withdrawal of Shah Capital's proxy campaign against the re-election of directors at the 2024 Annual Meeting.
The withdrawal of Shah Capital's proxy campaign removes a potential source of uncertainty and conflict within Novavax's governance, which is positively received by investors, leading to a rise in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100