5 Recent Activist Investor Campaigns

2. Caligan Partners at Anika Therapeutics, Inc. (NASDAQ:ANIK)

Activist Campaign: September 2023

Caligan Partners has increased its stake in orthopedic-focused pharmaceutical Anika Therapeutics, Inc. (NASDAQ:ANIK) to 7.4% by acquiring an additional $179,274 shares. Following the acquisition, the hedge fund now holds substantial stakes to push for policy changes that enhance shareholder value.

The hedge fund has already entered a cooperation agreement with Anika Therapeutics, Inc. (NASDAQ:ANIK) to increase the pharmaceutical company board to eight from seven. The agreement also compels the company to initiate a $20 million stock repurchase authorization with $5 million earmarked for April.

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