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Akorn Inc (AKRX.OQ)

AKRX.OQ on NASDAQ Stock Exchange Global Select Market

19.15USD
16 Aug 2018
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706,884
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$33.61
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$10.76

Latest Key Developments (Source: Significant Developments)

Fresenius CEO Expects Akorn Matter To Be Resolved By Early 2019
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Fresenius Se ::CEO SAYS ARE CONVINCED OF MERITS OF CASE TO TERMINATE AKORN DEAL.CEO SAYS EVEN IF COURT DOES NOT AGREE IT WAS THE RIGHT DECISION TO TERMINATE DEAL.CEO SAYS EXPECTS AKORN MATTER TO BE FINALLY RESOLVED BY EARLY NEXT YEAR.CFO SAYS LESS LIKELY TO REACH UPPER END OF 2018 SALES GUIDANCE OF 5-8 PERCENT.CEO SAYS IF WE ARE FORCED TO CLOSE AKORN DEAL, WILL NEED TO DO SOME PRETTY SUBSTANTIAL REMEDIATION REGARDLESS OF HOW FDA RESPONDS.  Full Article

Akorn Issues Statement In Response To Fresenius Seeking To Terminate Merger
Sunday, 22 Apr 2018 

April 22 (Reuters) - Akorn Inc ::AKORN INC ISSUES STATEMENT IN RESPONSE TO FRESENIUS KABI’S ANNOUNCEMENT THAT IT IS SEEKING TO TERMINATE THE DEFINITIVE MERGER AGREEMENT.AKORN SAYS PREVIOUSLY DISCLOSED ONGOING INVESTIGATION HAS NOT FOUND ANY FACTS THAT WOULD RESULT IN ADVERSE EFFECT ON CO'S BUSINESS.AKORN SAYS SINCE INVESTIGATION DID NOT FIND ANY FACTS RESULTING IN ADVERSE EFFECT ON CO'S BUSINESS, IT IS "NO BASIS TO TERMINATE THE TRANSACTION".AKORN SAYS INTEND TO "VIGOROUSLY" ENFORCE CO'S RIGHTS, AND FRESENIUS’ OBLIGATIONS, UNDER BINDING MERGER AGREEMENT.  Full Article

Fresenius SE & Co. KGaA Fresenius Terminates Merger Agreement With Akorn
Sunday, 22 Apr 2018 

April 22 (Reuters) - Fresenius SE & Co KGaA ::DGAP-ADHOC: FRESENIUS SE & CO. KGAA: FRESENIUS TERMINATES MERGER AGREEMENT WITH AKORN.  Full Article

SEC Says Akorn Inc Agrees To Settle To Reporting, Accounting Control Violations
Monday, 26 Mar 2018 

March 26 (Reuters) - Akorn Inc ::SEC SAYS AKORN INC AND ITS FORMER CFO AND CONTROLLER AGREE TO SETTLE TO REPORTING AND ACCOUNTING CONTROL VIOLATIONS.SEC - AKORN INC, FORMER CFO & CONTROLLER AGREED TO SETTLE THE CHARGES WITHOUT ADMITTING OR DENYING THE COMMISSION'S ALLEGATIONS.  Full Article

Fresenius confirms discussions concerning potential acquisition of Akorn
Friday, 7 Apr 2017 

Fresenius Se : Co and Akorn Inc don't intend to make any additional comments regarding these negotiations unless and until it is appropriate to do so . Currently in discussions with Akorn concerning a potential acquisition of Akorn . Confirms that Fresenius Kabi is currently in discussions with Akorn Inc concerning a potential acquisition of Akorn .No assurance any transaction will result from these discussions or as to terms of any such transaction.  Full Article

Fresenius said to weigh a bid for U.S. generics maker Akorn - Bloomberg
Friday, 7 Apr 2017 

:Fresenius said to weigh a bid for U.S. generics maker Akorn - Bloomberg.  Full Article

UPDATE 3-Akorn row overshadows Fresenius' generics guidance

* CEO says expect case to be resolved by early 2019 (Adds CEO comments from analyst call)