Fresenius Group Overview

01.10.2018

DGAP Ad-hoc - Fresenius SE & Co. KGaA: Delaware court upholds Fresenius' termination of merger agreement with Akorn

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Fresenius SE & Co. KGaA: Delaware court upholds Fresenius' termination of merger agreement with Akorn

Fresenius SE & Co. KGaA / Key word(s): Legal Matter
Fresenius SE & Co. KGaA: Delaware court upholds Fresenius' termination of merger agreement with Akorn

01-Oct-2018 / 15:16 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.


Delaware court upholds Fresenius' termination of merger agreement with Akorn

In the lawsuit by Akorn, Inc. against Fresenius for the consummation of the April 2017 merger agreement the Court of Chancery in the U.S. state of Delaware today ruled in favor of Fresenius. The judgment is not yet final.
 
Fresenius terminated the merger agreement due to Akorn's failure to fulfill several closing conditions. An independent investigation initiated by Fresenius had revealed, among other things, material breaches of FDA data integrity requirements relating to Akorn's operations. Akorn responded by suing in the Court of Chancery in Delaware for the consummation of the agreement.

 
Fresenius SE & Co. KGaA,
represented by Fresenius Management SE,
The Management Board
 
Bad Homburg v.d.H., October 1, 2018

01-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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