Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Shareholder Capital Delivers Letter to Independent Members of the Board of Vanda Pharmaceuticals By: Shareholder Capital LLC via GlobeNewswire April 25, 2024 at 08:05 AM EDT Reminds Vanda’s Board of Their Fiduciary Duties Given the Mishandling of Future Pak’s Offer to Acquire Vanda’s Underperforming and Undervalued Shares at an ~80-90% Premium Expresses Serious Concerns Over Entrenchment, Misaligned Incentives, and Cronyism at Vanda, Including the CEO’s and His Family’s $46M+ in Disclosed Compensation Amidst $1B+ in Shareholder Value Destruction Believes Vanda’s Board Must Explore Strategic Alternatives MIAMI, April 25, 2024 (GLOBE NEWSWIRE) -- Shareholder Capital LLC (together with its members and affiliates, “ShareCap”), a significant shareholder of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) (“Vanda” or the “Company”) holding over 200,000 shares of the Company’s common stock, announced today that they have delivered a letter to independent members of the Board of Directors of Vanda (the “Board”). The letter, which can be accessed below, calls on the Board to fulfill their fiduciary duties to Vanda’s shareholders given their complete disregard of a credible, fully-financed offer by Future Pak, LLC (“Future Pak”) to acquire Vanda at a 79.0-91.4% premium to its closing price on 4/16/24. ShareCap believes Vanda has long-ignored shareholders’ interests in favor of entrenchment, misaligned incentives, and cronyism, resulting in poor oversight and execution of the unknown and value-destructive strategy that has delivered extraordinary underperformance and extreme undervaluation. ShareCap calls on the Board to initiate a strategic alternatives process that, among the alternatives, reconsiders Future Pak’s offer. PDF Link to Shareholder Capital Public Letter to Vanda Board Media and Investor ContactJeremy Lichtman(305) 283-5211jeremy@shareholdercapital.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Shareholder Capital Delivers Letter to Independent Members of the Board of Vanda Pharmaceuticals By: Shareholder Capital LLC via GlobeNewswire April 25, 2024 at 08:05 AM EDT Reminds Vanda’s Board of Their Fiduciary Duties Given the Mishandling of Future Pak’s Offer to Acquire Vanda’s Underperforming and Undervalued Shares at an ~80-90% Premium Expresses Serious Concerns Over Entrenchment, Misaligned Incentives, and Cronyism at Vanda, Including the CEO’s and His Family’s $46M+ in Disclosed Compensation Amidst $1B+ in Shareholder Value Destruction Believes Vanda’s Board Must Explore Strategic Alternatives MIAMI, April 25, 2024 (GLOBE NEWSWIRE) -- Shareholder Capital LLC (together with its members and affiliates, “ShareCap”), a significant shareholder of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) (“Vanda” or the “Company”) holding over 200,000 shares of the Company’s common stock, announced today that they have delivered a letter to independent members of the Board of Directors of Vanda (the “Board”). The letter, which can be accessed below, calls on the Board to fulfill their fiduciary duties to Vanda’s shareholders given their complete disregard of a credible, fully-financed offer by Future Pak, LLC (“Future Pak”) to acquire Vanda at a 79.0-91.4% premium to its closing price on 4/16/24. ShareCap believes Vanda has long-ignored shareholders’ interests in favor of entrenchment, misaligned incentives, and cronyism, resulting in poor oversight and execution of the unknown and value-destructive strategy that has delivered extraordinary underperformance and extreme undervaluation. ShareCap calls on the Board to initiate a strategic alternatives process that, among the alternatives, reconsiders Future Pak’s offer. PDF Link to Shareholder Capital Public Letter to Vanda Board Media and Investor ContactJeremy Lichtman(305) 283-5211jeremy@shareholdercapital.com
Reminds Vanda’s Board of Their Fiduciary Duties Given the Mishandling of Future Pak’s Offer to Acquire Vanda’s Underperforming and Undervalued Shares at an ~80-90% Premium Expresses Serious Concerns Over Entrenchment, Misaligned Incentives, and Cronyism at Vanda, Including the CEO’s and His Family’s $46M+ in Disclosed Compensation Amidst $1B+ in Shareholder Value Destruction Believes Vanda’s Board Must Explore Strategic Alternatives MIAMI, April 25, 2024 (GLOBE NEWSWIRE) -- Shareholder Capital LLC (together with its members and affiliates, “ShareCap”), a significant shareholder of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) (“Vanda” or the “Company”) holding over 200,000 shares of the Company’s common stock, announced today that they have delivered a letter to independent members of the Board of Directors of Vanda (the “Board”). The letter, which can be accessed below, calls on the Board to fulfill their fiduciary duties to Vanda’s shareholders given their complete disregard of a credible, fully-financed offer by Future Pak, LLC (“Future Pak”) to acquire Vanda at a 79.0-91.4% premium to its closing price on 4/16/24. ShareCap believes Vanda has long-ignored shareholders’ interests in favor of entrenchment, misaligned incentives, and cronyism, resulting in poor oversight and execution of the unknown and value-destructive strategy that has delivered extraordinary underperformance and extreme undervaluation. ShareCap calls on the Board to initiate a strategic alternatives process that, among the alternatives, reconsiders Future Pak’s offer. PDF Link to Shareholder Capital Public Letter to Vanda Board Media and Investor ContactJeremy Lichtman(305) 283-5211jeremy@shareholdercapital.com