Following the collapse of Akorn’s (AKRX) agreement to be acquired by Fresenius SE (FSNUY) at eight times its current share price, the company is in an “intriguing position,” Zak Mir of Vox Markets writes in a blog post titled “Akorn: Bombed Out Price Should Attract Fresh Interest.” He writes, “Even if present rumours do not materialise, $4 plus could be a sign that the stock is ready to shake off the horrors of last year. A new CEO may also be more receptive to doing a deal with a third party than their predecessor.” Shares of Akorn bounced off the day’s lows and are no up 8c, or 2%, to $3.85.
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