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0 0 0.00827756252201466 0.0104790419161675 -0.000528355054596826 -0.0170394505107434 0.000682458612187364 -0.000528355054596826
Stock impact report

Shareholder Capital Delivers Letter to Independent Members of the Board of Vanda Pharmaceuticals [Yahoo! Finance]

Vanda Pharmaceuticals Inc. (VNDA) 
Last vanda pharmaceuticals inc. earnings: 2/25 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Expresses Serious Concerns Over Entrenchment, Misaligned Incentives, and Cronyism at Vanda, Including the CEO's and His Family's $46M+ in Disclosed Compensation Amidst $1B+ in Shareholder Value Destruction Believes Vanda's Board Must Explore Strategic Alternatives MIAMI, April 25, 2024 (GLOBE NEWSWIRE) -- Shareholder Capital LLC (together with its members and affiliates, “ShareCap”), a significant shareholder of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) (“Vanda” or the “Company”) holding over 200,000 shares of the Company's common stock, announced today that they have delivered a letter to independent members of the Board of Directors of Vanda (the “Board”). The letter, which can be accessed below, calls on the Board to fulfill their fiduciary duties to Vanda's shareholders given their complete disregard of a credible, fully-financed offer by Future Pak, LLC (“Future Pak”) to acquire Vanda at a 79.0-91.4% premium to its closing price on 4/16/24. ShareCap believes Vanda has long-i Show less Read more
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