Prominent healthcare entrepreneur Ron Zwanziger warned he may pursue a more “adversarial path” if the OraSure Technologies board continues to resist his offer to buy the medical devices company, according to a letter seen by Reuters. OraSure’s stock price has fallen further in the weeks after Zwanziger’s unsolicited all-cash offer, made earlier in the summer, was rebuffed. Other investors have grown concerned and reached out to Zwanziger, he wrote, and the letter dialed up the pressure for a deal.
Read the full article: Healthcare Entrepreneur’s Letter Threatens ‘Adversarial Path’ After OraSure Tech Rebuffs Bid //
Source: https://www.msn.com/en-us/money/companies/exclusive-healthcare-entrepreneurs-letter-threatens-adversarial-path-after-orasure-tech-rebuffs-bid/ar-AA1LbHQ3