OraSure Technologies Enters Cooperation Agreement With Altai Capital Management
MT Newswires Live
Apr 17
OraSure Technologies (OSUR) said Thursday evening that it has entered into a cooperation agreement with shareholder Altai Capital Management.
Under the terms of the agreement, Altai will withdraw its director nominations ahead of OraSure's annual shareholder meeting, and members of OraSure's board and management team will regularly meet with Altai to discuss financial and strategic matters, the company said.
The agreement includes standstill, voting, and other provisions, the company said.
In connection with the agreement, OraSure said it appointed John Bertrand to its board as an independent director, effective immediately.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.