Another hedge fund manager, also unaffiliated with MSMB Capital, questions the legitimacy of the Amag offer.
"I don't know that MSMB has the financial resources to buy Amag, and if that's the case, this just feels like stock manipulation to me," says the fund manager, who also requested anonymity.
In its letter to Amag, MSMB Capital says a higher-priced offer for the company is possible contingent on due diligence. MSMB seeks a response from Amag by Aug. 15.--Written by Adam Feuerstein in Boston.
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