Grifols’ CEO Thomas Glanzmann calls Gotham City’s claims “serious and false allegations.” Says short seller is “repurposing old information out of pure self-interest and personal gain.” “Gotham City has reduced its short position in Grifols to 0.06% from 0.6% the same day and hence benefiting from their allegations,” the executive adds. The company’s Board has decided to initiate legal action against Gotham City. CEO also says that the Spanish regulator, as per normal procedures, has requested more information. Glanzmann says Grifols “categorically denies these allegations,” and reaffirms “strong financial position.” Comments taken from Grifols conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GRFS:
- Grifols issues response to Gotham City Research report
- Grifols’ leverage higher than reported, short-seller Gotham City says
- Grifols upgraded to Overweight from Equal Weight at Barclays
- Uber and Lyft downgraded: Wall Street’s top analyst calls
- Grifols transaction at favorable valuation a positive, says Morgan Stanley