Vanda Pharmaceuticals shares are trading higher after Cycle Pharmaceuticals reaffirmed its proposal to acquire the company for $8.00 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Vanda Pharmaceuticals shares are trading higher following Cycle Pharmaceuticals' reaffirmation of its proposal to acquire the company for $8.00 per share in cash.
October 14, 2024 | 12:21 pm
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POSITIVE IMPACT
Vanda Pharmaceuticals shares increased after Cycle Pharmaceuticals reaffirmed its acquisition proposal at $8.00 per share in cash.
The reaffirmation of the acquisition proposal by Cycle Pharmaceuticals at a specific price per share is a strong indicator of potential value realization for shareholders, leading to a positive impact on VNDA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100