Sep. 8 at 6:00 PM
$DRRX NASDAQ Equity Corporate Actions Alert # 2025 - 495
Information Regarding the Tender Offer of DURECT Corporation (DRRX)
https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2025-495
The tender offer by Bausch Health Companies Inc. (NYSE: BHC) to acquire all of the outstanding common stock of DURECT Corporation (DRRX) is scheduled to expire one minute after 5:00 p.m. ET, on September 10, 2025, unless extended or terminated. The subsequent merger is tentatively scheduled to close prior to the market open on September 11, 2025. In anticipation of the closing, the stock will be halted immediately following the after-hours session at or around 7:50 p.m. on September 10, 2025. If the merger closes as planned, the stock will remain halted on the day of closing (September 11) and will be suspended effective September 12, 2025.
Tender offer: DRRX shareholders will receive
$1.75 for each share held, plus one non-transferable contingent value right (CVR).