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Stock impact report

Significant Shareholders Exercise Right to Grifols Board Seat [Yahoo! Finance]

GRIFOLS SA S/ADR (GIKLY) 
Company Research Source: Yahoo! Finance
Recognized pharma industry leader Paul Herendeen to represent interests of all shareholders BARCELONA, Spain, September 19, 2024 BUSINESS WIRE )--Flat Footed LLC ("Flat Footed"), together with Mason Capital Management LLC ("Mason") and Sachem Head Capital Management LP ("Sachem Head") (together, the "Investor Group") manage a combined investment representing 7.72% of Grifols, S.A. ("Grifols") class A shares. The Investor Group today sent a letter to the Grifols Board of Directors, which is included as Annex A. The Investor Group is impressed by the significant value that Grifols provides to patients and healthcare providers through its leading biopharmaceutical portfolio. Grifols operates in an attractive growth industry. However, minority investors have seen significant shareholder value destruction due to actions taken by the Grifols Board of Directors over time. As shareholders owning 7.72% of the company's common shares, the Investor Group is exercising our statutory right Show less Read more
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