Illustration photo shows various medicine pills in their original packaging in Brussels, Belgium August 9, 2019. REUTERS/Yves Herman/Illustration
from its promoter Jasti family and consider merging it with a peer in its portfolio, the Indian drugmaker said on Monday. The Hyderabad-based company also said Advent intends to explore merging Suven with its wholly owned Cohance Lifesciences to build a company that specializes in active pharmaceutical ingredients as well as contract development and manufacturing businesses.
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Considering their stake, I'm guessing shareholders would vote to approve any merger offer. Perhaps even one that screwed, let's say, 49.9% of investors, many of whom unknowingly own stock through mutual funds and retirement accounts. Talk about a hose job.
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