Lundbeck makes unsolicited offer for Avadel Pharmaceuticals
Ireland-based Avadel Pharmaceuticals (Nasdaq: AVDL) today announced that it has received an unsolicited proposal from Denmark’s Lundbeck (LUND: CO) to acquire Avadel, whose shares shot up 21.7% to $19.24 in pre-market activity.
As previously announced, on October 22, 2025, Avadel entered into a definitive transaction agreement with Alkermes (Nasdaq: ALKS), a global biopharmaceutical company that seeks to develop innovative medicines in the field 3of neuroscience, under which Alkermes will acquire all outstanding ordinary shares of Avadel FOR $20.00 per share in cash, which values Avadel at around $2.1 billion.
Via a stock exchange filing Lundbeck confirms that it has submitted a non-binding proposal to acquire Avadel.
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