Ariad gives activist investor a board seat, plans to add another


Alexander J. Denner, the chief investment officer and founding partner of activist investor Sarissa Capital, has been given a 2-year term on Ariad's (ARIA +3%) board. (PR)

Ariad will also be adding another independent director to its board, one who will be "selected by the Board and be subject to [Denner's] concurrence."

Reuters reported two weeks ago Sarissa, which disclosed a 6.22% stake in Ariad in October, wanted at least two board seats ahead of Feb. 20 deadline for nominating directors.

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Comments (7)
  • EXPstocktrader
    , contributor
    Comments (388) | Send Message
     
    Soon this will be a teenager again. Stay the course. EXP
    21 Feb 2014, 11:52 AM Reply Like
  • pat walsh
    , contributor
    Comments (341) | Send Message
     
    Really good news for stockholders.This company will be like a man on a honeymoon.
    21 Feb 2014, 01:03 PM Reply Like
  • debitmyaccount
    , contributor
    Comments (6) | Send Message
     
    Do you think there is a chance that they could be bought out?
    21 Feb 2014, 03:02 PM Reply Like
  • pat walsh
    , contributor
    Comments (341) | Send Message
     
    Debit.maybe in a year or two.Thats just my opinion.
    21 Feb 2014, 03:16 PM Reply Like
  • tennis44
    , contributor
    Comments (70) | Send Message
     
    Aria will be bought out within 3 mos. 4big Pharos are looking closely. Buy.
    22 Feb 2014, 05:29 PM Reply Like
  • EXPstocktrader
    , contributor
    Comments (388) | Send Message
     
    Look into Denner....research...AMLN ... then ImClone and you will see the light.

     

    Peace, EXPstocktrader
    23 Feb 2014, 08:26 AM Reply Like
  • hot$stocks
    , contributor
    Comment (1) | Send Message
     
    Alex' board seat is a good news, of course. However, the real strong point for Ariad is there is NO substitute for Iclusig, also, side-effect & warning sign is quite normal thing for all medicines.
    23 Feb 2014, 02:02 PM Reply Like
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