- Amarin ( NASDAQ: AMRN ) said it filed definitive proxy materials for its upcoming annual meeting on Feb. 28 as it battles with activist investor Sarissa Capital Management.
- Amarin ( AMRN ) is urging shareholders to vote against Sarissa's proposals.
- The filing comes after Sarissa earlier this month called for a special meeting of shareholders to remove the current board chairman and add its backed representatives. At the proposed meeting, Sarissa said it wants to add seven directors it backs to the board and remove chairman Per Wold-Olsen.
- "Sarissa is NOT the answer," Amarin said in a letter to holders. "Sarissa has no plan or new ideas, and its slate of nominees is underqualified to guide the Company at this critical juncture in our transformation."
- Amarin ( AMRN ) rose 2.8%.
- Sarissa Capital is Amarin's ( AMRN ) largest holder with a ~6% stake. Activist investor Sarissa, led by Alex Denner, which at one time worked for Carl Icahn, announced in early June that it planned to seek representation on the company’s board.
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Amarin files proxy materials in battle with activist Sarissa