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Longboard Rises as Lundbeck Buys Company for $2.6 Billion Share Value (NASDAQ:LBPH)

VaselineOctober 14, 2024

1 Less than a minute

Longboard Rises as Lundbeck Buys Company for .6 Billion Share Value (NASDAQ:LBPH)

Longboard Rises as Lundbeck Buys Company for .6 Billion Share Value (NASDAQ:LBPH) — koto_feja/E+ via Getty Images

Lundbeck (OTCPK:HLBBF) said it will acquire Longboard Pharmaceuticals (NASDAQ:LBPH) for a stock value of $2.6 billion.
Shares of LBPH jumped 47.81% in pre-market trading.
Lundbeck will make a tender offer for all outstanding shares of Longboard common stock, with LBPH shareholders receiving $60 each.

VaselineOctober 14, 2024

1 Less than a minute

Vaseline