Sarissa To Vote For Alkermes Slate Of Directors

Sarissa Capital Management LP said it plans to vote for the Alkermes (ALKS) slate of directors at the upcoming annual meeting. However, Sarissa noted that if its representative is not soon appointed to the board, then it will take steps under Irish law to quickly call another shareholder meeting.

Sarissa believes that certain of the independent directors of Alkermes are uncomfortable making decisions that are not supported by, or that reflect criticism of, CEO Pops.

"We believe Alkermes' shares are significantly undervalued and that we can help to unlock shareholder value with our representatives on the board. We are hopeful that the current board will agree with us," Sarissa stated.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Generative artificial intelligence or AI technologies, including the highly popular ChatGPT, could expose around 300 million full-time jobs around the world to automation, a report by Goldman Sachs predicts, deepening the rising fears about job security. According to a new research report by GS economists, "The Potentially Large Effects of Artificial Intelligence on Economic Growth",.. UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG. Following the news, UBS shares were gaining more than 2 percent in Swiss trading as well as in pre-market activity on the NYSE. Canton, South Dakota-based Jarman's Midwest Cleaning Systems, Inc. is recalling certain hand sanitizer non-sterile solution due to the presence of methanol, the U.S. Food and Drug Administration said. The recall includes all lots of Alcohol Antiseptic 80% Topical Solution Hand Sanitizer Non-sterile Solution and Isopropyl Alcohol Antiseptic 75% Topical Solution Hand Sanitizer Non-sterile Solution
Follow RTT