Punch and Associates sends letter to Board of Directors of Avid Bioservices, Inc. [Yahoo! Finance]
Avid Bioservices, Inc. (CDMO)
Last avid bioservices, inc. earnings: 3/10 04:05 pm
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ir.avidbio.com
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Source: Yahoo! Finance
MINNEAPOLIS, November 14, 2024 BUSINESS WIRE )--Punch and Associates Investment Management, Inc. sent a letter today to the Board of Directors of Avid Bioservices, Inc., sharing its views on the proposed acquisition by GHO Capital and Ampersand Capital and announcing its intention to vote AGAINST the proposal. The text of the letter follows: November 14, 2024 Dear Directors, Punch & Associates is the beneficial owner of approximately 2.9 million shares of Avid Bioservices, representing 4.5% of the shares outstanding. We have been continuous shareholders since September of 2020. We strongly believe that the recently announced offer by GHO Capital and Ampersand Capital to acquire the company for $12.50 per share materially undervalues Avid and is opportunistically timed to take advantage of trough valuations and a likely inflection in the fundamentals of the business. The current offer gives no value to idle production capacity, medium-term earnings power, or net operating lo
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CDMO
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ROIC, ALVR, VINE on Behalf of ShareholdersAccesswire
- Avid Bioservices, Inc. (NASDAQ: CDMO) was downgraded by analysts at Craig Hallum from a "strong-buy" rating to a "hold" rating.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ALVR, VINE, ROIC on Behalf of ShareholdersAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ALVR, VINE on Behalf of ShareholdersAccesswire
- AVID BIOSERVICES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avid Bioservices, Inc. - CDMOBusiness Wire
CDMO
Earnings
- 9/9/24 - Miss
CDMO
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- CDMO's page on the SEC website