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 Tetraphase Pharmaceuticals (TTPH) approached by Melinta Therapeutics

  • May 18, 2020


StockTetraphase Pharmaceuticals, Inc.SymbolTTPH
Date Announced05/14/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person La Jolla Pharmaceutical Company
Date of Confirmation: 06/24/2020Price at Confirmation: $2.62
Potential Profit: 19.63%Annualized Profit: 174.80%

Tetraphase Pharmaceuticals, Inc. (TTPH) received an unsolicited proposal from Melinta Therapeutics, Inc. (MLNTQ) to acquire Tetraphase for $27.0 million in cash, plus an additional $12.5 million in cash potentially payable under contingent value rights to be issued in the transaction.


June 22, 2020: Tetraphase (TTPHAnnounces Receipt of Proposal from La Jolla Pharmaceutical Company, Determination of Superior Offer and Notice to Melinta.

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