Vanda Pharmaceuticals Confirms Rejection of Unsolicited Takeover Proposals from Future Pak
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Vanda Pharmaceuticals (VNDA) Adopts Limited Duration Stockholder Rights Plan
April 17, 2024 10:22 AM EDTVanda Pharmaceuticals Inc. ("Vanda" or the "Company") (Nasdaq: VNDA) today announced that its Board of Directors (the "Board") has adopted a limited duration stockholder rights plan (the "Rights Plan") to protect stockholder interests and maximize value for all stockholders. The Rights Plan is effective immediately.
The Board adopted the Rights Plan in response to the unsolicited acquisition proposal made by Future Pak, LLC ("Future Pak") on April 1, 2024. The Board, in consultation with its independent financial and legal advisors, consistent with... More
