Ironwood Pharma (IRWD) Completes Merger With VectivBio

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Go back to Ironwood Pharma (IRWD) Completes Merger With VectivBio

Ironwood Announces the Completion of Squeeze-Out Merger With VectivBio

December 12, 2023 4:01 PM EST

BOSTON--(BUSINESS WIRE)-- Ironwood Pharmaceuticals, Inc. (Ironwood) (Nasdaq: IRWD), a GI-focused healthcare company, today announced the successful completion of the squeeze-out merger under Swiss law (the Squeeze-Out Merger) pursuant to which VectivBio Holding AG (VectivBio) has been merged with and into Ironwood Pharmaceuticals GmbH (Merger Sub), a wholly-owned subsidiary of Ironwood organized under the laws of Switzerland. As a result of the Squeeze-Out Merger, all remaining outstanding ordinary shares of VectivBio not previously purchased by Ironwood have been cancelled and converted into the right to receive $17.00 per share in cash, subject to any applicable withholding taxes. The... More