Akorn Comments on Delaware Chancery Court Ruling
AKORN (AKRX)
Last akorn earnings: 10/31 07:00 am
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Source: Business Wire
LAKE FOREST, Ill.--(BUSINESS WIRE)-- Akorn, Inc. (NASDAQ:AKRX), today issued the following statement in response to the ruling by the Delaware Chancery Court on the complaint filed by Akorn against Fresenius Kabi AG: “We are disappointed by the ruling by the Delaware Chancery Court determining not to force Fresenius to close and we continue to believe Fresenius’ attempt to terminate the transaction is in breach of our binding merger agreement. We intend to appeal, in an effort to vigorously enforce our rights and continue to protect the interests of our Company and our shareholders.” Cautionary Statement Regarding Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers can identify these statements by forward-loo
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