Sep. 11 at 7:50 AM
$DRRX DRRX
Tender Offer: Bausch Health is in the process of acquiring DRRX through a tender offer. They have offered to buy all outstanding shares of DRRX for
$1.75 per share in cash, plus a contingent value right (CVR) that could provide additional payments based on future sales milestones.
Tender Offer Expiration: The most recent public announcement indicates that the tender offer was extended to expire at 5:00 p.m. New York City time on September 10, 2025.
Merger After Tender Offer: The definitive merger agreement states that as soon as practicable after the tender offer is successfully completed (meaning Bausch Health acquires a majority of the outstanding shares), Bausch Health will merge its subsidiary with and into DURECT. Any remaining shares of DRRX will be converted into the right to receive the same per-share consideration (
$1.75 cash plus the CVR).