Qiagen (QGEN) has been in talks with Fivespan Partners over the direction of the company after the activist investor disclosed it had built a stake in the Dutch diagnostics firm, Bloomberg reported Tuesday, citing people familiar with the matter.
Both sides have reportedly engaged in constructive conversations, though it was not yet clear how big Fivespan's stake was and what its intentions are, according to the report.
Qiagen shares have fallen around 14% so far this year and the Dutch company has been the subject of takeover interest from its rivals, the report said.
Qiagen and Fivespan did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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