Velan-Repertoire to Withdraw Director Nominations Due to Pending Sale of Radius Health
11 Julio 2022 - 7:00AM
Business Wire
Sale Announcement Follows Successful
Velan-Repertoire Campaign Featuring Three World-Class Director
Candidates
Velan Capital Investment Management LP and Repertoire Partners
LP (together with the other participants in their solicitation,
“Velan-Repertoire” or “we”), collectively one of the largest
stockholders of Radius Health, Inc. (“Radius” or the “Company”)
(NASDAQ: RDUS), with beneficial ownership of approximately 7.7% of
the outstanding shares and economic exposure to approximately 10.1%
of the outstanding shares, today released the following
statement:
“While we believe that the proposed sale to Gurnet Point Capital
and Patient Square Capital does not reflect the full price of the
Company and its assets, we are pleased that our involvement drove
an outcome that ultimately should allow stockholders to recoup a
portion of the value that has been lost under Radius’ current Board
of Directors.
As a result, we are withdrawing our director nominations. We are
grateful to our exceptionally qualified director candidates Eric
Ende, Cynthia Flowers, and Ann MacDougall for their time,
expertise, and dedication to improving the Radius Board of
Directors. We would also like to thank the fellow stockholders who
supported us and our nominees both privately and publicly.”
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version on businesswire.com: https://www.businesswire.com/news/home/20220711005407/en/
Investors: Adam Morgan (646) 844-0030
campaign@velancapital.com
Okapi Partners LLC Pat McHugh / Jason Alexander (212) 297-0720
info@okapipartners.com
Media: Longacre Square Partners Dan Zacchei / Miller
Winston DZacchei@longacresquare.com /
MWinston@longacresquare.com
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