2020-05-28 09:15:22 AMGN Amgen
Alexion
05/28/20 05/2809:15 05/28/2009:15 | Elliott says Alexion settlement may 'leave the door open' for strategic reviewA spokesperson for activist Elliott Management regarding the potential inter partes review settlement between Amgen (AMGN) and Alexion Pharmaceutical (ALXN): "Although Elliott believes the IPR overhang was overblown, a sensible settlement would remove a significant source of uncertainty and leave the door open for the Company to explore strategic alternatives without further delay, the value maximising pathway for the Company in Elliott's view." In December, Alexion announced that even though Elliott recommended it "immediately launch a proactive sale process," its board "unanimously decided that conducting a proactive sale process would not be in the best interest of shareholders and the patients we serve at this time." Shares of Alexion are up 7% to $113.53 in premarket trading. Amgen
Alexion
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