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PDL Biopharma discloses hostile bid to acquire Neos for $10.25/share; proposal later terminated

Executive Summary

PDL BioPharma Inc. made public its launch of a hostile bid to acquire Nasdaq-traded Neos Therapeutics Inc. (modified-release oral drug delivery platform) for $10.25 in cash per share (a 32% premium to the previous 10-day closing average to the October announcement date).

Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Generic Drugs
    • Drug Delivery
      • Controlled Release
Deal Status
  • Withdrawn
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash for Equity

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