Lundbeck to acquire longboard pharmaceuticals in a strategic deal, significantly enhancing its neuroscience pipeline

Valby, denmark & la jolla, calif.--(business wire)---- $lbph #epilepsy--h. lundbeck a/s (lundbeck) and longboard pharmaceuticals, inc (nasdaq: lbph) (longboard) today announced an agreement for lundbeck to acquire longboard. under the terms of the agreement, lundbeck will commence a tender offer for all outstanding shares of longboard common stock, whereby longboard shareholders will be offered a payment of usd 60.00 per share in cash. the transaction is valued at approximately usd 2.6 billion equity value and usd.
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