Activist hedge fund Starboard Value is “certainly interested in the story at Bristol-Myers,” according to its leader. But that doesn’t mean it’s getting involved.
The Delaware Supreme Court on Friday upheld a lower court?ruling?permitting Fresenius Kabi to?terminate?its?agreement?to acquire Akorn for more than $4 billion. Shares in the latter drugmaker were down as much as 37 percent on the news.?