BUZZ-Bio‑Rad Laboratories jumps after report Elliott builds stake
Bio-Rad Laboratories, Inc. Class A BIO | 0.00 | |
Leverage Shares 2X Long SATS Daily ETF SATG | 0.00 |
** Shares of U.S. diagnostics supplier Bio-Rad Laboratories BIO.N up 7% at $265.01 premarket
** The Wall Street Journal reports activist investor Elliott Investment Management has built a sizeable stake in co
** Elliott plans to push the company to boost its underperforming stock price - WSJ
** Report also says Elliott has built a stake in German biopharma equipment supplier Sartorius SATG.DE, in which Bio‑Rad is an investor
** Exact size of Elliott’s stakes in Bio‑Rad or Sartorius is not disclosed in the report
** Reuters could not immediately verify the report; Elliott, Bio‑Rad and Sartorius did not respond to requests for comment
** As of last close, BIO stock down 18.3% YTD
