Vanda Pharmaceuticals Receives Revised Unsolicited Acquisition Proposal From Future Pak For $8.50-$9.00 Per Share In Cash Plus Contingent Value Rights; No Shareholder Action Required At This Time
Portfolio Pulse from Benzinga Newsdesk
Vanda Pharmaceuticals has received a revised unsolicited acquisition proposal from Future Pak, offering $8.50-$9.00 per share in cash plus contingent value rights. No shareholder action is required at this time.
June 13, 2024 | 2:03 pm
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Vanda Pharmaceuticals has received a revised unsolicited acquisition proposal from Future Pak, offering $8.50-$9.00 per share in cash plus contingent value rights. No shareholder action is required at this time.
The acquisition proposal from Future Pak is likely to positively impact VNDA's stock price in the short term as it offers a premium over the current market price. The offer includes cash and contingent value rights, which could be attractive to shareholders. However, no immediate action is required from shareholders, which may temper the immediate impact.
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