Brief: Lundbeck Announces Expiration Of Longboard Tender Offer

H Lundbeck A/S

28/11/2024 07:22

Nov 28 (Reuters) - H Lundbeck A/S  HLUNb.CO :
    * LUNDBECK ANNOUNCES EXPIRATION OF LONGBOARD TENDER OFFER
AND THAT
ALL TENDER OFFER CONDITIONS ARE FULFILLED
    * EXPECTS TO CLOSE TRANSACTION ON DECEMBER 2
    * TOTAL TRANSACTION VALUE OF APPROXIMATELY USD 2.6 BILLION
EQUITY
VALUE AND USD 2.5 BILLION NET OF CASH (APPROXIMATELY DKK 17
BILLION)
    * ACQUISITION IS EXPECTED TO CONTRIBUTE TO LUNDBECK'S
LONG-TERM
REVENUE GROWTH POTENTIAL FOLLOWING EXPECTED LAUNCH IN 2028
    * IS FUNDING ACQUISITION THROUGH EXISTING CASH RESOURCES AND
ITS
BANK FINANCING FACILITIES.

Source text:  ID:nWkr9LqTY7 
Further company coverage:  HLUNb.CO 

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