Orexigen Therapeutics plans for near-term sale using structured process [Seeking Alpha]
OREXIGEN THERAPEUTICS (OREX)
Last orexigen therapeutics earnings: 11/13 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.orexigen.com
Company Research
Source: Seeking Alpha
Orexigen Therapeutics plans for near-term sale using structured processOrexigen Therapeutics (NASDAQ:OREX)announces that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, Case No. 18-10518.Orexigen also intends to file a motion seeking authorization to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. The proposed bidding procedures, if approved, would require interested parties to submit binding offers to acquire substantially all of Orexigen's assets, which would be purchased free and clear of the company's indebtedness and other liens and interests. The process is expected to proceed according to the following timeline:Bids expected to be submitted by May 21Structured auction targeted to commence no later than May 24Sale intended to be concluded by July 2Additional information about proposed asset sale is available atwww.kccllc.net/orexigen.Shares are down70%
Show less
Read more
Impact Snapshot
Event Time:
OREX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OREX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OREX alerts
High impacting OREXIGEN THERAPEUTICS news events
Weekly update
A roundup of the hottest topics