Punch and Associates sends letter to Board of Directors of Avid Bioservices, Inc.
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Punch & Associates has announced its intention to vote against the proposed acquisition of Avid Bioservices, Inc. by GHO Capital and Ampersand Capital.
November 14, 2024 | 11:00 pm
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Punch & Associates opposes the acquisition of Avid Bioservices by GHO Capital and Ampersand Capital, which could impact the acquisition process and Avid's stock price.
The opposition from Punch & Associates, a significant shareholder, could hinder the acquisition process, potentially affecting investor sentiment and leading to a short-term decline in Avid Bioservices' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100