New York hedge fund attempts to split MDS

AuntMinnie.com staff writers
Apr 10, 2008

MDS, the parent company of radioisotope developer MDS Nordion of Kanata, Ontario, is the target of a New York City-based hedge fund that wants to break up the company to boost its stock price, according to the Calgary Herald.

Obrem Capital has filed a U.S. regulatory brief that claims it bought $6.2 million MDS shares, or 5% of the company, because it believes MDS is an attractive investment opportunity. Obrem now owns $125 million in MDS stock.

Related Reading

Reactor shutdown hurts MDS Nordion's Q1, March 6, 2008

MDS expects less impact from reactor shutdown, December 17, 2007

MDS Nordion divests two product lines, November 30, 2007

MDS Nordion signs cobalt-60 supply pact, October 19, 2007

MDS Nordion to help create molecular imaging center, June 5, 2007

Copyright © 2008 AuntMinnie.com

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