Brief: Biofrontera Adopts Limited Duration Shareholder Rights Plan

Biofrontera

14/10/2022 14:01

Oct 14 (Reuters) - Biofrontera Inc  BFRI.O :
    * BIOFRONTERA INC. ADOPTS LIMITED DURATION SHAREHOLDER
RIGHTS PLAN
    * BIOFRONTERA INC - BOARD BELIEVES THAT CURRENT PRICE OF
COMPANY'S
COMMON STOCK IS NOT REFLECTIVE OF COMPANY'S INTRINSIC OR
LONG-TERM VALUE
    * BIOFRONTERA INC - BOARD OF DIRECTORS BELIEVES BIOFRONTERA
INC.'S
STOCK IS SIGNIFICANTLY UNDERVALUED AS A RESULT OF CURRENT MARKET
ENVIRONMENT
    * BIOFRONTERA INC - RIGHTS PLAN WILL EXPIRE ON OCTOBER 13,
2023
    * BIOFRONTERA- DECLARED DIVIDEND DISTRIBUTION OF 1 PREFERRED
STOCK
PURCHASE RIGHT ON EACH OUTSTANDING SHARE OF COMMON STOCK
    * BIOFRONTERA INC - RIGHTS WILL BE ISSUED TO SHAREHOLDERS OF
RECORD ON OCTOBER 24

Source text for Eikon:  ID:nGNXGDpM1 
Further company coverage:  BFRI.O 
 ((Reuters.Briefs@thomsonreuters.com;))