- 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.
Ariad gives activist investor a board seat, plans to add another
Feb 21 2014, 11:47 ET