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Stock impact report

Avadel (AVDL) Gets 26% Boost on Takeover Bid [Yahoo! Finance]

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share (AVDL) 
Last avadel pharmaceuticals plc - american depositary shares each representing one ordinary share earnings: 3/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: avadel.com
Company Research Source: Yahoo! Finance
Avadel jumped by 26.06 percent week-on-week as investors loaded up portfolios after receiving a new takeover interest from a new pharmaceutical giant. Last Friday, Avadel Pharmaceuticals plc (NASDAQ:AVDL) soared to as much as $23.57—its highest price in more than a decade—before ending the day just up by 22.45 percent at $23.56 apiece, following announcements that it received a new acquisition interest from H Lundbeck A/S to buy its shares at a price of $23 apiece. The total price was significantly higher than Alkermes' bid of $20 apiece. Under Lundbeck's offer, it would acquire the shares for $21 in cash and non-transferrable contingent value rights (CVR) amounting to $2 upon the achievement of two annual sales milestones for Lumryz and valiloxybate. Avadel (AVDL) Gets 26% Boost on Takeover Bid A dose bottle of the medication is in the medical tech's hand Meanwhile, Alkermes sought to buy the shares for $18.50 per share, and a CVR of $1.50 contingent upon final approval Show less Read more
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