Future Pak Increases Cash Portion Of Its Offer For Vanda Pharmaceuticals By $0.75-$1.25 To $8.50-$9.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Future Pak has increased the cash portion of its offer for Vanda Pharmaceuticals by $0.75-$1.25, bringing the total offer to $8.50-$9.00.
June 13, 2024 | 12:18 pm
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Future Pak has increased its cash offer for Vanda Pharmaceuticals to $8.50-$9.00 per share, up by $0.75-$1.25. This indicates a higher valuation and potential acquisition premium for VNDA shareholders.
The increased offer from Future Pak suggests a higher valuation for Vanda Pharmaceuticals, which is likely to positively impact VNDA's stock price in the short term as investors anticipate a potential acquisition premium.
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