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Tikvah Management Announces Intention to Vote AGAINST Quanterix’s Proposed Merger with Akoya Biosciences

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Tikvah Management , holding approximately 1.5% of Quanterix Corp. (QTRX) shares, has announced its intention to vote against the proposed merger with Akoya Biosciences (AKYA) at the upcoming Quanterix Special Meeting. As a significant investor since 2018, Tikvah opposes the merger citing three main concerns:

  • Undervaluation of Quanterix shares in the proposed deal
  • Expected significant reduction in company cash flow post-merger
  • Quanterix's business superiority compared to Akoya's

Tikvah has noted that other investors have also publicly expressed opposition to the merger, though they maintain the right to change their position if significant new developments arise.

Tikvah Management, che detiene circa l'1,5% delle azioni di Quanterix Corp. (QTRX), ha annunciato la sua intenzione di votare contro la fusione proposta con Akoya Biosciences (AKYA) durante la prossima Assemblea Speciale di Quanterix. In quanto investitore significativo dal 2018, Tikvah si oppone alla fusione citando tre principali preoccupazioni:

  • Valutazione insufficiente delle azioni di Quanterix nell'affare proposto
  • Significativa riduzione attesa del flusso di cassa dell'azienda dopo la fusione
  • Superiore competitività del business di Quanterix rispetto a quello di Akoya

Tikvah ha osservato che anche altri investitori hanno espresso pubblicamente opposizione alla fusione, sebbene si riservino il diritto di cambiare posizione se dovessero sorgere sviluppi significativi.

Tikvah Management, que posee aproximadamente el 1.5% de las acciones de Quanterix Corp. (QTRX), ha anunciado su intención de votar en contra de la fusión propuesta con Akoya Biosciences (AKYA) en la próxima Junta Especial de Quanterix. Como un inversor significativo desde 2018, Tikvah se opone a la fusión citando tres preocupaciones principales:

  • Subvaluación de las acciones de Quanterix en el acuerdo propuesto
  • Reducción significativa esperada en el flujo de caja de la empresa tras la fusión
  • Superioridad del negocio de Quanterix en comparación con el de Akoya

Tikvah ha señalado que otros inversores también han expresado públicamente su oposición a la fusión, aunque se reservan el derecho de cambiar su posición si surgen desarrollos significativos.

틱바 매니지먼트퀀테릭스 코퍼레이션 (QTRX) 주식의 약 1.5%를 보유하고 있으며, 다가오는 퀀테릭스 특별 회의에서 아코야 바이오사이언스 (AKYA)와의 제안된 합병에 반대할 의사를 발표했습니다. 2018년부터 중요한 투자자로서 틱바는 합병에 반대하며 세 가지 주요 우려 사항을 언급했습니다:

  • 제안된 거래에서 퀀테릭스 주식의 저평가
  • 합병 후 회사 현금 흐름의 상당한 감소 예상
  • 아코야에 비해 퀀테릭스의 사업 우수성

틱바는 다른 투자자들도 합병에 공개적으로 반대 의사를 표명했지만, 중요한 새로운 발전이 발생할 경우 입장을 변경할 권리를 보유하고 있다고 언급했습니다.

Tikvah Management, détenant environ 1,5% des actions de Quanterix Corp. (QTRX), a annoncé son intention de voter contre la fusion proposée avec Akoya Biosciences (AKYA) lors de la prochaine Assemblée Spéciale de Quanterix. En tant qu'investisseur important depuis 2018, Tikvah s'oppose à la fusion en citant trois préoccupations principales :

  • Sous-évaluation des actions de Quanterix dans l'accord proposé
  • Réduction significative attendue du flux de trésorerie de l'entreprise après la fusion
  • Supériorité commerciale de Quanterix par rapport à Akoya

Tikvah a noté que d'autres investisseurs ont également exprimé publiquement leur opposition à la fusion, bien qu'ils se réservent le droit de changer de position si des développements significatifs surviennent.

Tikvah Management, die etwa 1,5% der Aktien von Quanterix Corp. (QTRX) hält, hat ihre Absicht angekündigt, bei der bevorstehenden Sonderversammlung von Quanterix gegen die vorgeschlagene Fusion mit Akoya Biosciences (AKYA) zu stimmen. Als bedeutender Investor seit 2018 lehnt Tikvah die Fusion mit drei Hauptbedenken ab:

  • Unterbewertung der Quanterix-Aktien im vorgeschlagenen Deal
  • Erwarteter erheblicher Rückgang des Unternehmens-Cashflows nach der Fusion
  • Überlegenheit des Geschäfts von Quanterix im Vergleich zu dem von Akoya

Tikvah hat festgestellt, dass auch andere Investoren öffentlich gegen die Fusion Stellung bezogen haben, sich jedoch das Recht vorbehalten, ihre Position zu ändern, wenn bedeutende neue Entwicklungen auftreten.

Positive
  • None.
Negative
  • Major shareholder opposition to proposed Akoya merger
  • Expected significant reduction in cash flow post-merger
  • Potential undervaluation of company shares in merger deal

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Tikvah Management LLC (together with its affiliates, “Tikvah” or “we”), which owns approximately 1.5% of the outstanding common shares of Quanterix Corp. (Nasdaq: QTRX) (“Quanterix” or the “Company”), today announced that it intends to vote AGAINST the Company’s proposed merger with Akoya Biosciences, Inc. (“Akoya”) (Nasdaq: AKYA) at the upcoming Quanterix Special Meeting of shareholders. As a significant investor in the Company since 2018, Tikvah believes the proposed merger is not in the best interest of Quanterix’s shareholders. Tikvah echoes the public comments made by other investors opposing the merger, including that the proposed transaction undervalues Quanterix’s shares, there would be a significant reduction in the Company’s cash flow after the merger, and that Quanterix’s business is far superior to Akoya’s.

Tikvah reserves the right to change this intention should there be significant new developments.



Media Contact:

Josh Kuckley

980 433 1057

jk@simcah.com

Source: Tikvah Management LLC

FAQ

Why is Tikvah Management voting against the Quanterix-Akoya merger?

Tikvah cites three main reasons: undervaluation of QTRX shares, expected reduction in cash flow post-merger, and Quanterix's superior business position compared to Akoya.

What percentage of Quanterix (QTRX) shares does Tikvah Management own?

Tikvah Management owns approximately 1.5% of Quanterix's outstanding common shares.

When did Tikvah Management become an investor in Quanterix (QTRX)?

Tikvah Management has been a significant investor in Quanterix since 2018.

Will the Quanterix-Akoya merger impact cash flow according to Tikvah?

Yes, Tikvah states there would be a significant reduction in Quanterix's cash flow following the merger.
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