InterMune(ITMN_) shares dropped sharply Tuesday on disclosure that a large shareholder is considering the sale of its position in the company.
The announcement, in a regulatory filing, caused InterMune shares to fall $4, or 9%, to $39.18.
Warburg Pincus, owners of 9.5 million shares, or 16%, of InterMune, advised the company that the investment fund is considering a plan to sell all or a significant portion of its position starting this quarter, InterMune disclosed.
