Here's Why Akorn, Inc. Stock Is Getting Thrashed Today [The Motley Fool]
AKORN (AKRX)
Last akorn earnings: 10/31 07:00 am
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Source: The Motley Fool
An issue with data integrity could derail a planned acquisition of the generic drugmaker. Cory Renauer ( TMFang4apples ) Feb 27, 2018 at 11:46AM What happened Shares of Akorn, Inc. ( NASDAQ:AKRX ) , a specialty generic pharmaceutical company, are getting hammered after the company disclosed an investigation that could derail the company's planned acquisition by Fresenius Medical Care AG & Co. ( NYSE:FMS ) . The stock was down about 32.6% as of 11:17 a.m. EST on Tuesday. So what Last April, Fresenius agreed to acquire Akorn for $34 per share, which was a steep premium to the stock's price during the weeks leading up to the announcement. As is usually the case when deals appear likely to fall through, the stock has fallen back to pre-acquisition levels. Image source: Getty Images. Akorn hasn't found any facts that would materially
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