Buxton Helmsley Issues Letter To Assertio Holdings, Inc; Calls For The Immediate Resignation Of Four Directors, Including Chairman Peter Staple, Heather Mason, William Mckee And Dr. Jeffrey Vacirca
Portfolio Pulse from Benzinga Newsdesk
Buxton Helmsley Group, a significant shareholder of Assertio Holdings, Inc. (NASDAQ:ASRT), has issued a letter calling for the immediate resignation of four directors, including Chairman Peter Staple. The group criticizes the board's handling of the Spectrum Pharmaceuticals acquisition and urges improved due diligence for future M&A activities.
July 24, 2024 | 1:08 pm
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Buxton Helmsley Group has called for the resignation of four directors at Assertio Holdings, Inc. (NASDAQ:ASRT), criticizing the board's handling of the Spectrum Pharmaceuticals acquisition and urging better due diligence for future M&A activities.
The call for the resignation of key directors and criticism of the board's handling of a major acquisition could lead to short-term uncertainty and negative sentiment among investors, potentially impacting ASRT's stock price negatively.
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