PDL BioPharma: Is CEO McDade On the Way Out?

Jun.20.07 | About: PDL BioPharma, (PDLI)

Could Daniel Loeb finally get the head of PDL BioPharma (NASDAQ:PDLI) CEO Mark McDade?

According to rumors yesterday, noted by Adam Feuerstein at RealMoney.com, PDLI will have a meeting with Loeb's Third Point LLC this week, and there is speculation McDade could be forced out.

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