23.04.2018
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DGAP-Adhoc: Fresenius SE & Co. KGaA: Akorn, Inc. sues Fresenius for consummation of merger agreement after its termination by Fresenius
DGAP-Ad-hoc: Fresenius SE & Co. KGaA / Key word(s): Mergers &
Acquisitions/Legal Matter
Fresenius SE & Co. KGaA: Akorn, Inc. sues Fresenius for consummation of
merger agreement after its termination by Fresenius
23-Apr-2018 / 16:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Akorn, Inc. sues Fresenius for consummation of merger agreement after its
termination by Fresenius
Akorn, Inc. filed a lawsuit today against Fresenius at the Court of Chancery
in Delaware, USA, for the consummation of the merger agreement.
Akorn, Inc. argues that Fresenius was obliged to close the transaction
because all closing conditions of the merger agreement, except FTC
clearance, were met.
Fresenius believes that the lawsuit is without foundation, because Akorn
failed to fulfill several closing conditions. Among others, Fresenius'
independent investigation found material breaches of FDA1 data integrity
requirements relating to Akorn's operations. Fresenius will take all
necessary and appropriate measures to vigorously contest the claims.
Fresenius does not intend to provide further updates as the lawsuit
proceeds.
1 FDA: Food and Drug Administration
Fresenius SE & Co. KGaA,
represented by Fresenius Management SE,
The Management Board
Bad Homburg v.d.H., April 23, 2018
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Contact:
Markus Georgi
Senior Vice President Investor Relations
T: +49 (0) 6172 608-2485
[email protected]
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End of note
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23-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Fresenius SE & Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg v.d.H.
Germany
Phone: +49 (0)6172 608-2485
Fax: +49 (0)6172 608-2488
E-mail: [email protected]
Internet: www.fresenius.com
ISIN: DE0005785604, DE000A2DANS3
WKN: 578560 , A2DANS
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard), Munich; Regulated Unofficial Market in Berlin,
Hamburg, Hanover, Stuttgart, Tradegate Exchange; Luxemburg
End of Announcement DGAP News Service
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677783 23-Apr-2018 CET/CEST
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