Amneal holder Chirag Patel reports 8.4% stake
Amneal Pharmaceuticals, Inc. is reported to have completed the acquisition of Kashiv BioSciences, LLC, with consideration that included both cash and stock.
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Rhea-AI Filing Summary
Amneal Pharmaceuticals, Inc. is reported to have completed the acquisition of Kashiv BioSciences, LLC, with consideration that included both cash and stock. A reporting person, Chirag Patel, filed an amended beneficial ownership statement reflecting his updated holdings and the shares he received in connection with this transaction.
Under a Membership Interest Purchase Agreement, Amneal’s subsidiary agreed to pay the Kashiv sellers an aggregate of $375,000,000 in cash, subject to adjustments, and Amneal agreed to issue an aggregate of 28,942,098 shares of Class A Common Stock to those sellers. Chirag Patel is reported to beneficially own 29,097,645 shares of Class A Common Stock, representing 8.4% of the class, based on 377,238,115 shares outstanding after including the Kashiv-related issuance. His holdings include directly owned shares, stock options, and shares held through trusts and entities CKR Investments, LLC and Shivkan Dynasty, LLC, over which he is described as having sole voting and dispositive power.
Key Figures
Key Terms
Schedule 13D regulatory
Membership Interest Purchase Agreement financial
beneficially owned financial
sole voting power financial
dispositive power financial
purchase price adjustments financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Amneal Pharmaceuticals (AMRX) does Chirag Patel report in this Schedule 13D/A?
What cash consideration did Amneal (AMRX) agree to pay for the Kashiv acquisition?
Which Amneal (AMRX) securities does Chirag Patel directly own or control?
AI-generated analysis. How Rhea-AI works. Not financial advice.