Three investment funds with holdings in drugmaker Grifols team up to ask for a board seat

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Grifols News

Company,Statement,Board

Flat Footed LLC, along with Mason Capital Management LLC and Sachem Head Capital Management LP, picked Paul Herendeen to be their representative on Grifols’ board

Three investment funds with holdings in Spanish drugmaker Grifols have teamed up to ask to fill a vacant seat on the company’s board, they said in a statement late on Thursday.

They said Grifols, which produces plasma-based medicines, had “an attractive growth profile” and its shares were undervalued and they wanted to make sure any takeover offer would include “a price that is fair for all shareholders”.

 

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