Akorn files complaint against Fresenius for ending merger deal [MarketWatch]
AKORN (AKRX)
Last akorn earnings: 10/31 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investors.akorn.com
Company Research
Source: MarketWatch
Akorn files complaint against Fresenius for ending merger deal Akorn Inc. AKRX, -32.54% said Monday it has filed a complaint against Fresenius SE & Co. FRE, -0.70% in a Delaware court, asking that Germany-based Fresenius be required to fulfill its obligations to complete its buyout agreement. Earlier, Fresenius said it was ending the deal to buy the generic drug maker, following an investigation into possible violations of Food and Drug Administration data-integrity requirements, which Akorn responded by saying it "categorically" disagreed with the decision . In the filing with the Delaware court, Akorn said the attempt to end the merger is a breach of the agreement without merit. "The investigation is not a condition to closing and the only remaining condition is approval from the Federal Trade Commission," the company said in the filing. "We intend to vigorously enforce our rights, and Fresenius' obligations, under our binding merger agreement." Akorn's stock tumbled 33% in pr
Show less
Read more
Impact Snapshot
Event Time:
AKRX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AKRX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AKRX alerts
High impacting AKORN news events
Weekly update
A roundup of the hottest topics