DCTH
Delcath Systems, Inc.NASDAQ
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  • Sep. 17, 2014, 1:38 PM
    • Citing its inability to meet with Delcath Systems' (DCTH -6.1%) management and BOD, among other issues, shareholder Linkedto Partners withdraws its $3 per share bid and sells its stake in the company.
    | Sep. 17, 2014, 1:38 PM | 2 Comments
  • Sep. 15, 2014, 10:42 AM
    • Shareholder Linkedto Partners says two NASDAQ-traded firms have approached it about a merger or buyout of Delcath Systems (DCTH +4.3%).
    • Linkedto has the support of 4.9% of DCTH shares. It is calling for a sale of the company as a means to unlock shareholder value. Last week, it upped its non-binding offer to $3.00 per share.
    | Sep. 15, 2014, 10:42 AM
  • Sep. 11, 2014, 4:31 PM
    • Activist shareholder Linkedto Partners says it and its allies now control 4.8% of Delcath Systems (DCTH +0.4%) common stock. In conjunction with recruiting support, it recently sent communications to each board member regarding the company's underperformance and the need for a sale.
    • Linkedto also states that it has become aware that the BOD has had discussions with potential acquirers, including Medtronic, over the past few years about a potential transaction.
    • The market remains unconvinced. Shares were up a fraction today on turnover of only 15.5K shares.
    | Sep. 11, 2014, 4:31 PM | 2 Comments
  • Sep. 9, 2014, 10:40 AM
    • Delcath Systems (DCTH +0.4%) shareholder Linkedto Partners raises its unsolicited non-binding offer for the company to $3.00 per share. Yesterday, its offer was $2.90. This past Friday it was $2.85. At this rate, Delcath can continue to ignore Linkedto's overtures and expect to get a $6.00 offer by mid-October.
    • Linkedto controls less than 1% of the stock so it is highly unlikely to make any progress until it can corral a large enough stake to get management's attention.
    • Considering DCTH's current price of $2.38 (unchanged), the market is not regarding the action seriously either.
    | Sep. 9, 2014, 10:40 AM | 1 Comment
  • Sep. 5, 2014, 10:43 AM
    • Delcath Systems (DCTH +1.3%) shareholder Linkedto Partners makes an unsolicited non-binding $2.85 per share offer for the company. The offer represents a 19.2% premium over the current price of $2.39.
    | Sep. 5, 2014, 10:43 AM | 11 Comments