Latest news for Spencer Pharmaceutical (OTC:SPPH) Stock

Spencer Pharmaceutical Inc specializing in the identification of new drug delivery applications and focuses on patented formulation of existing drugs from the incubation to the developmental stages or synthesized drugs to cross the blood-brain barrier.

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SPPH

Spencer Pharmaceutical Receives All-Cash Offer 

SPENCER PHARM INC by Spencer Pharmaceutical Inc.

Spencer Pharmaceutical Inc

Spencer Pharmaceutical Inc. (SPPH) announced today that it has received an all-cash offer from a private equity firm. 
According to the company, a private equity firm has provided the board of directors with an all-cash offer to acquire any and all shares of the company. The board of directors has agreed to keep the offer confidential until an investment bank can be mandated to review the offer, conduct an appropriate due-diligence and recommend a course of action. 
The final terms and conditions of the transaction will be determined in a definitive agreement. No assurances can be provided that a definitive agreement will be executed. Execution of a definitive agreement is subject to, among other things, confirming due diligence by Spencer, and other conditions and approvals by both companies' management, board of directors and shareholders, as appropriate.

Spencer Pharmaceutical

Spencer Pharmaceutical Inc. (SPPH) announced today that it has received an all-cash offer from a private equity firm. 

According to the company, a private equity firm has provided the board of directors with an all-cash offer to acquire any and all shares of the company. The board of directors has agreed to keep the offer confidential until an investment bank can be mandated to review the offer, conduct an appropriate due-diligence and recommend a course of action. 

The final terms and conditions of the transaction will be determined in a definitive agreement. No assurances can be provided that a definitive agreement will be executed. Execution of a definitive agreement is subject to, among other things, confirming due diligence by Spencer, and other conditions and approvals by both companies' management, board of directors and shareholders, as appropriate. 




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Thursday, November 04, 2010

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