Activist investor Politan Capital nominates candidates to Azenta's board (updated)

Azenta

01/11/2023 20:38

(Adds details from the regulatory filing throughout)
       Nov 1 (Reuters) - Activist investor Politan Capital
Management had nominated candidates to Azenta's board last month
and was working with the biotechnology company to address
certain issues, a company filing disclosed on Wednesday.
    Politan, run by veteran fund manager Quentin Koffey, said in
September that it had increased its ownership in Azenta to 7.5%.
        The hedge fund nominated two director candidates,
including Koffey, on Oct. 30. The deadline to nominate board
candidates is Nov. 2.
  
        The two sides have signed a non-disclosure agreement and
Politan is currently in talks with Azenta's board over its
business, strategies and corporate governance, according to the
filing. 
  

 (Reporting by Svea Herbst-Bayliss and Pratik Jain; Editing by
Anil D'Silva)
 ((Pratik.Jain@thomsonreuters.com;))