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Monday, August 15, 2022

Equity Corporate Actions Alert #2022 - 206
(UPDATED: Merger closed) Information Regarding the Tender Offer of La Jolla Pharmaceutical Company (LJPC)

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  • Industry Announcement

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The tender offer by Innoviva Acquisition Sub, Inc. a wholly owned subsidiary of Innoviva, Inc. to acquire all of the outstanding common stock of La Jolla Pharmaceutical Company (LJPC) expired one minute after 11:59 p.m. ET, on August 19, 2022. The subsequent merger closed prior to the market open today, August 22, 2022. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on August 19, 2022. The stock will remain halted on the day of closing (August 22nd) and will be suspended effective August 23, 2022. The details are as follows:

Company Name/Issue: La Jolla Pharmaceutical Company Common Stock
CUSIP#: 503459604
Symbol: LJPC
Last Trading Date: August 19, 2022
Marketplace Effective Date for Suspension: August 23, 2022
Merger Consideration: $6.23 for each share held.

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