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Shah Capital Steps Back from Novavax Activism | Markets & Money News
Shah Capital, a major shareholder in Novavax, is stepping back from its activist role to restructure as a family office, ceasing efforts to influence company control. This shift includes voluntarily withdrawing its registration as an investment adviser with the SEC. Founder Himanshu Shah retains about 10.66 million shares of Novavax, representing approximately 6.46% ownership. Recently, Shah Capital Fund sold 2.87 million shares, averaging $11.35 each, indicating a strategic adjustment in their
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