Vanda Pharmaceuticals Confirms Unsolicited, Non-Binding Acquisition Proposal From Cycle Group Holdings At $8.00 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Vanda Pharmaceuticals has received an unsolicited, non-binding acquisition proposal from Cycle Group Holdings, offering $8.00 per share in cash.
June 06, 2024 | 1:25 pm
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Vanda Pharmaceuticals has received an unsolicited, non-binding acquisition proposal from Cycle Group Holdings, offering $8.00 per share in cash.
The acquisition proposal at $8.00 per share in cash is likely to drive up VNDA's stock price in the short term as investors react to the potential buyout. However, the non-binding nature of the proposal introduces some uncertainty.
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