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Stock impact report

Why Emergent BioSciences Stock Plummeted Today [Yahoo! Finance]

Emergent BioSolutions Inc. (EBS) 
Last emergent biosolutions inc. earnings: 4/30 04:08 pm Check Earnings Report
US:NYSE Investor Relations: investors.emergentbiosolutions.com
Company Research Source: Yahoo! Finance
The vaccine maker divulged in a regulatory filing that several institutional share and warrant holders are selling such securities. Investors reacted by trading Emergent's stock down by almost 6%, on a day when the S&P 500 (SNPINDEX: ^GSPC) more or less flatlined. The selling parties are mainly entities affiliated with OHA Agency, a business that provided a $250 million term loan to Emergent in August. In return for this, the vaccine maker issued slightly over 1.1 million shares of its common stock to OHA, plus 2.5 million warrants to buy said stock. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » In the sale, the sellers will divest up to a bit over 3.6 million Emergent shares. That amount includes the 1.1 million issued shares, plus shares deriving from exercise of the warrants. The company said that the sales would be effected from time to time, and did not provide further details. Emergent stressed in its filing t Show less Read more
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