Akorn Announces Extension of Standstill Agreement
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Akorn (AKRX) Plunges on Bankruptcy Fears, Higher Debt Expenses
December 18, 2019 11:40 AM ESTAkorn (NASDAQ: AKRX) shares are under heavy pressure (-23%) amid bankruptcy fears and a recent extension of the standstill period with lenders to February 7, 2020, that will increase debt expenses.
Gabelli analyst Kevin Kedra notes the eight-week extension of the standstill period will come at a... More
