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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