Altai Capital Management, a hedge fund and one of the largest owners of OraSure Technologies, Inc., is reportedly preparing to launch a board fight. This action follows the hedge fund's increase in its holdings in the medical device maker.
The preparation for a board fight suggests that Altai Capital may seek to influence OraSure's strategic direction or corporate governance. Such activist investor campaigns can lead to significant changes in management, board composition, or company policies.
This development introduces an element of corporate contention for OraSure Technologies. Investors will be watching for further details on Altai Capital's demands and the company's response to this potential challenge to its current leadership.
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