24/7 Market News Snapshot 11 April, 2025 – Theratechnologies Inc. Common (NASDAQ:THTX)

April 11, 2025

DENVER, Colo., 11 April, 2025 (www.247marketnews.com) – (NASDAQ:THTX) are discussed in this article.
Theratechnologies Inc. (THTX), a prominent biopharmaceutical company, has recently captured significant investor attention after witnessing a remarkable surge in its stock value. The company’s shares opened at $1.32 and soared by an impressive 82.26%, reaching a trading price of $2.424. This steep increase was accompanied by a robust trading volume of 47.29 million shares, reflecting heightened market interest and confidence in the company’s prospects. Technical indicators further suggest a sustained upward trajectory, positioning THTX favorably in the competitive biotech arena.

In another critical development, Theratechnologies has addressed its shareholders regarding acquisition proposals from Future Pak, LLC. The Board of Directors recognized the receipt of two unsolicited non-binding proposals from Future Pak, with the first, submitted in August 2024, offering a cash consideration of $100 million, which the Board deemed unattractive and rejected. A subsequent proposal in January 2025 was not considered due to an existing exclusivity agreement with another potential acquiror.

To explore the proposals further, Theratechnologies sought to establish a standard non-disclosure agreement with Future Pak. However, delays in negotiations around exclusivity hindered timely discussions, ultimately leading to renewed exclusive negotiations with the other interested party. While Future Pak’s offers were based on publicly available information, extensive due diligence has been conducted with the current acquiror, who is in the process of finalizing a definitive agreement that may include a “go shop” provision, allowing continued discussions with other potential buyers.

To ensure comprehensive evaluation of all proposals, the Board has constituted a special committee of independent directors, supported by expert advisors. The company has reaffirmed its commitment to transparent communication with shareholders and will provide updates in strict accordance with applicable securities laws as new developments unfold.

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