Tang Capital Makes Takeover Bid for Northstar Neuroscience

July 2nd, 2008
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Northstar Neuroscience (NASDAQ: NSTR) announced today that it had received an unsolicited takeover bid from Tang Capital Partners. Tang has proposed to buy the company at $2.25 per share, which is a 50% premium over its previous close. In the press release, the company announced that its “Board of Directors will review and consider the offer consistent with its fiduciary duties. The Company also announced that the Board has engaged Leerink Swann to assist in the evaluation of strategic alternatives.”
See Press Release
For Detailed Investor Profiles on these Investors, click below:
Tang Capital Management
Related People: Kevin C. Tang
Related Entities: Aclara Biosciences Inc; Ambit Biosciences Corp; Intrabiotics Inc; RadPharm Inc; Tang Capital Partners LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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