Vanda (VNDA) Rejects Takeover Interest From Future Pak, Stock Up [Yahoo! Finance]
Vanda Pharmaceuticals Inc. (VNDA)
Last vanda pharmaceuticals inc. earnings: 2/25 04:01 pm
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Source: Yahoo! Finance
Shares of Vanda were up 29.4% on Apr 17 following the announcement of the news. VNDA has been receiving several voluntary takeover proposals from Future Pak, the latest being offered on Apr 1 for $7.25-$7.75 per share, subject to certain terms and conditions. Following thorough discussions with its independent financial and legal advisors, Vanda's board of directors carefully reviewed the proposed takeover interest and concluded that it significantly undervalues the company and is not in its best interests and that of the shareholders. Per management, the proposed takeover interest is likely to create significant value for Future Pak at the expense of Vanda's shareholders and would not likely create reasonable value for the company and its stockholders. Vanda shareholders will not have to take any immediate action related to the unsolicited takeover proposal from Future Pak. Shares of Vanda have rallied 24.2% so far this year against the industry's decline of 9.8%. Image
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News
- Vanda Pharmaceuticals to Announce First Quarter 2024 Financial Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- Vanda Pharmaceuticals to Announce First Quarter 2024 Financial Results on May 8, 2024PR Newswire
- Shareholder Capital Delivers Letter to Independent Members of the Board of Vanda Pharmaceuticals [Yahoo! Finance]Yahoo! Finance
- Shareholder Capital Delivers Letter to Independent Members of the Board of Vanda PharmaceuticalsGlobeNewswire
- Vanda Pharmaceuticals (VNDA) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
VNDA
Earnings
- 2/7/24 - Beat
VNDA
Analyst Actions
- 2/9/24 - TheStreet
VNDA
Sec Filings
- 4/29/24 - Form ARS/A
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- VNDA's page on the SEC website