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Akorn down 12% ahead of hearing on disputed Fresenius merger

Published 08/23/2018, 12:43 PM
Updated 08/23/2018, 12:43 PM
© Reuters.  Akorn down 12% ahead of hearing on disputed Fresenius merger
  • Investors are behaving like they expect bad news from today's post-trial hearing in Delaware related to Akorn 's (AKRX -11.7%) dispute with former merger partner Fresenius SE (OTCQX:FSNUY)(OTCQX:FSNUF) after the latter backed out of the $4.75B deal. Shares have retraced 17% this week.
  • Previously: Akorn rallies ahead of Fresenius trial (July 6)
  • Previously: Akorn takes issue with Fresenius' planned exit from merger; shares down 34% premarket (April 23)
  • Now read: Wall Street Favorite Healthcare Equities For July Topped By CVS Health (NYSE:CVS)


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