BUZZ-Alimera Sciences down on filing lawsuit against ANI Pharma to close deal

Reuters

2024/09/10

** Shares of eye drug developer Alimera Sciences fall 16.67% to $4.61

** Co files lawsuit to compel ANI Pharmaceuticals to close merger transaction

** The lawsuit asks the court to require ANI to comply with its obligations to complete the transaction as contemplated by the agreement

** The companies announced their agreement in June, valuing ALIM at about $381 mln in upfront consideration

** ALIM up ~6% YTD

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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