Novavax shareholder Shah Capital to step back from activist role
Shah Capital, Novavax's second-largest shareholder, is stepping back from its activist role after restructuring into a family office. The firm filed to withdraw its registration as an investment adviser and sold 2.87 million shares at $11.35 each on October 5. Himanshu Shah, the founder, now holds 10.66 million shares, about 6.46% of Novavax.




