Ascendis Health's hastily reinstated AGM on Monday may have been a costly mistake for the wellness company, after it effectively triggered the cancellation of an agreement it had made with its lenders.
The Retail Activist Investors, a group that represents institutional and retail investors, has questioned whether Tongaat exhausted all its options before putting a rights offer on the table.
In the next seven to ten days, Ascendis CEO Mark Sardi will meet with shareholders to discuss whether the company should be delisted and privatised or if what is left of it should be sold off.
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