Vanda Pharmaceuticals (VNDA) Adopts Limited Duration Stockholder Rights Plan

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Vanda Pharmaceuticals Adopts Limited Duration Stockholder Rights Plan

April 17, 2024 10:21 AM EDT

WASHINGTON, April 17, 2024 /PRNewswire/ -- Vanda 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.

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Vanda Pharmaceuticals Confirms Rejection of Unsolicited Takeover Proposals from Future Pak

April 17, 2024 9:02 AM EDT

Board Determined Unsolicited Takeover Proposals Significantly Undervalue the Company

No Shareholder Action Required at This Time

WASHINGTON, April 17, 2024 /PRNewswire/ -- Vanda Pharmaceuticals Inc. ("Vanda" or the "Company") (Nasdaq: VNDA) today confirmed that, since March 2024, it received several unsolicited proposals from Future Pak, LLC ("Future Pak"), to acquire all of the outstanding shares of Vanda (the "Conditional Proposals"). The most recent... More

Future Pak Confirms Proposal to Acquire Vanda Pharmaceuticals for $7.25 to $7.75 Per Share in Cash

April 17, 2024 6:30 AM EDT

Future Pak proposes to acquire 100% of the issued and outstanding shares of Vanda

Implies a premium of 79.0% to 91.4% to Vanda's closing price of $4.05 as of April 16, 2024

Proposal is based on public information, and Future Pak is open to increasing the value of its offer based on due diligence and good faith negotiations with Vanda and its Board

WIXOM, Mich.--(BUSINESS WIRE)-- Future Pak LLC (Future Pak) today announced that it has submitted three proposals since February to acquire all of the outstanding... More