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Stock impact report

Progenics activist calls buyout deal 'value-destructive' [Seeking Alpha]

Lantheus Holdings, Inc. (LNTH) 
Last lantheus holdings, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lantheus.com/investor-relations
Company Research Source: Seeking Alpha
Progenics activist calls buyout deal 'value-destructive' Lantheus Holdings' ( LNTH -20.9% all-stock deal PGNX +9.8% In a filing It's a "value-destructive" deal that comes in the middle of Velan's consent solicitation to reconstitute a majority of the board, Velan says. “We believe Progenics’ announcement today to sell the Company to Lantheus substantially undervalues the Company and is a transparent and shameful maneuver attempting to prevent the voices of stockholders from being fairly heard," Velan writes. It's seeking to add five fully independent directors to the board before the Lantheus transaction moves forward, and wants to replace CEO Mark Baker. Show less Read more
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