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News  ›  GlobeNewswire Inc.

Avadel Receives Unsolicited Proposal from Lundbeck

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Avadel Pharmaceuticals
Avadel Receives Unsolicited Proposal from Lundbeck

Avadel's Board of Directors received an unsolicited proposal from Lundbeck to acquire the company for up to $23.00 per share, which the Board believes could potentially result in a 'Company Superior Proposal' to its existing agreement with Alkermes.

Insights
AVDL   neutral

Company is evaluating a new proposal while maintaining its current merger agreement, indicating a cautious and strategic approach