Aptevo Confirms Receipt of Unsolicited Indication of Interest
Aptevo's Board of Directors is committed to acting in the best interests of all stockholders. Consistent with its fiduciary duties and responsibilities, Aptevo's Board of Directors will, in consultation with its financial and legal advisors, carefully evaluate and consider this indication of interest in due course in the context of Aptevo's strategic plans, and its ongoing review of a broad range of opportunities to enhance stockholder value through strategic, financial and operational measures. Aptevo's stockholders do not need to take any action at this time.
Aptevo cautions its stockholders and others considering trading in its securities that it has just received Tang Capital's unsolicited indication of interest and no decisions have been made by the Board of Directors with respect to Aptevo's response to the indication of interest. There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.
Aptevo does not intend to comment further on this unsolicited indication of interest until its Board of Directors has completed its review of the indication of interest and will communicate further with Aptevo's stockholders in accordance with applicable law.
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Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the Board of Directors' evaluation of the unsolicited non-binding indication of interest received from
CONTACT:
Senior Director, Investor Relations and Corporate Communications
Phone: 206.859.6616
E-mail: IR@apvo.com
SOURCE:
accesswire.com
https://www.accesswire.com/617632/Aptevo-Confirms-Receipt-of-Unsolicited-Indication-of-Interest