Activist investor MAK Capital has called on German biotech group Evotec SE to pursue a listing of its US-based subsidiary, Just Biologics, arguing the move could unlock significant shareholder value, according to a report by Bloomberg.
The report cites a letter to management disclosed in a recent regulatory filing as revealing that the fund – founded by Michael A Kaufman – said a US listing for the Seattle-headquartered unit could achieve a valuation exceeding €1bn. MAK believes such a step woul...
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