First Manhattan Company Outlines Strategic Plan to Fix VIVUS, Inc.

Published: Jul 03, 2013

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NEW YORK--(BUSINESS WIRE)--First Manhattan Co. (“FMC”), an owner-managed and operated investment advisory firm and the beneficial holder of approximately 9.9 percent of the outstanding shares of VIVUS, Inc. (“Vivus”) (VVUS), today announced that it has issued a letter to all Vivus stockholders, outlining its strategic plan to turn around Vivus, including the selection of a highly qualified CEO to lead the company should FMC’s nominees be elected to the Board.

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