{"id":714478,"date":"2022-11-22T16:42:37","date_gmt":"2022-11-22T21:42:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/theravance-biopharma-inc-announces-final-results-of-tender-offer\/"},"modified":"2022-11-22T16:42:37","modified_gmt":"2022-11-22T21:42:37","slug":"theravance-biopharma-inc-announces-final-results-of-tender-offer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/theravance-biopharma-inc-announces-final-results-of-tender-offer\/","title":{"rendered":"Theravance Biopharma, Inc. Announces Final Results of Tender Offer"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">DUBLIN<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Nov. 22, 2022<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Theravance Biopharma, Inc. (&#8220;Theravance Biopharma&#8221; or the &#8220;Company&#8221;) (NASDAQ: TBPH) today announced the final results of its Dutch auction tender offer (the &#8220;Offer&#8221;) to purchase up to <span class=\"xn-money\">$95 million<\/span> of its ordinary shares, par value <span class=\"xn-money\">$0.00001<\/span> per share (the &#8220;Shares&#8221;), which expired at midnight, <span class=\"xn-location\">New York City<\/span> time, at the end of the day on <span class=\"xn-chron\">November 17, 2022<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/557290\/Theravance_Biopharma_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/557290\/Theravance_Biopharma_Logo.jpg\" title=\"Theravance Biopharma Logo (PRNewsfoto\/Theravance Biopharma, Inc.)\" alt=\"Theravance Biopharma Logo (PRNewsfoto\/Theravance Biopharma, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the &#8220;Depositary&#8221;), a total of 115,967 Shares were properly tendered and not properly withdrawn.<\/p>\n<p>The Company has accepted for purchase 115,967 Shares through the Offer at a price of <span class=\"xn-money\">$10.50<\/span> per Share, for an aggregate cost of approximately <span class=\"xn-money\">$1.2 million<\/span>, excluding fees and expenses relating to the Offer. The total of 115,967 Shares that the Company has accepted for purchase represents approximately 0.2% of the total number of Shares outstanding as of <span class=\"xn-chron\">November 21, 2022<\/span>. As the Company accepted for purchase all the Shares that were properly tendered and not properly withdrawn, there is no proration factor. The Company intends to use the unused portion of the Offer to enlarge the Company&#8217;s previously announced, planned open market share repurchase plan, which the Company expects to finalize and commence after the closing of the Offer.<\/p>\n<p>The Depositary will promptly issue payment for the Shares validly tendered and accepted for purchase in the Offer.<\/p>\n<p>To the extent that the Company purchases shares pursuant to the Company&#8217;s anticipated open market share repurchase plan, such purchases may be on the same terms as, or on terms that are more or less favorable to shareholders than, the terms of the Offer.<\/p>\n<p>Evercore Group L.L.C. acted as dealer manager for to act as dealer manager for the Offer. Company shareholders who have questions or would like additional information about the Offer may contact Georgeson LLC, the information agent for the Offer, toll-free at 877-797-1153.<\/p>\n<div class=\"wcag-arialevel-3\" style=\"font-size: 1.17em;margin-block-start: 1em;margin-block-end: 1em;margin-inline-start: 0px;margin-inline-end: 0px;font-weight: bold\" role=\"heading\">\n        <b>About Theravance Biopharma <\/b>\n      <\/div>\n<p>Theravance Biopharma, Inc.&#8217;s focus is to deliver <i>Medicines that Make a Difference<\/i><sup>\u00ae<\/sup> in people&#8217;s lives. In pursuit of its purpose, Theravance Biopharma leverages decades of expertise, which has led to the development of FDA-approved YUPELRI<sup>\u00ae<\/sup> (revefenacin) inhalation solution indicated for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). Its pipeline of internally discovered programs is targeted to address significant unmet patient needs.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3717381-1&amp;h=859935872&amp;u=http%3A%2F%2Fwww.theravance.com%2F&amp;a=www.theravance.com\" target=\"_blank\" rel=\"nofollow noopener\">www.theravance.com<\/a>.<\/p>\n<p>THERAVANCE BIOPHARMA<sup>\u00ae<\/sup>, THERAVANCE<sup>\u00ae<\/sup>, and the Cross\/Star logo are registered trademarks of the Theravance Biopharma group of companies (in the U.S. and certain other countries).<\/p>\n<p>YUPELRI<sup>\u00ae<\/sup> is a registered trademark of Mylan Specialty L.P., a Viatris Company. Trademarks, trade names or service marks of other companies appearing on this press release are the property of their respective owners.<\/p>\n<div class=\"wcag-arialevel-3\" style=\"font-size: 1.17em;margin-block-start: 1em;margin-block-end: 1em;margin-inline-start: 0px;margin-inline-end: 0px;font-weight: bold\" role=\"heading\">\n        <b>Forward-Looking Statements<\/b>\n      <\/div>\n<p>This press release contains certain &#8220;forward-looking&#8221; statements as that term is defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, the closing of the Offer, including the timing of settlement, and the referenced open market share repurchase plan, including the amount and timing of any purchases thereunder. Theravance Biopharma intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the current estimates and assumptions of the management of Theravance Biopharma as of the date of this press release and are subject to risks, uncertainties, changes in circumstances, assumptions and other factors that may cause the actual results of Theravance Biopharma to be materially different from those reflected in the forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, among others, the satisfaction of the conditions to the Offer, volatility and fluctuations in the trading price and volume of the Shares, and general economic and market conditions. Other risks affecting Theravance Biopharma are in the Company&#8217;s Quarterly Report on Form 10-Q filed with the SEC on <span class=\"xn-chron\">November 9, 2022<\/span>, and other periodic reports filed with the SEC. In addition to the risks described above and in Theravance Biopharma&#8217;s filings with the SEC, other unknown or unpredictable factors also could affect Theravance Biopharma&#8217;s results. No forward-looking statements can be guaranteed, and actual results may differ materially from such statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Theravance Biopharma assumes no obligation to update its forward-looking statements on account of new information, future events or otherwise, except as required by law.<\/p>\n<p>Contact: <span class=\"xn-person\">Andrew Hindman<\/span><br \/>Chief Financial Officer<br \/><u><a href=\"mailto:investor.relations@theravance.com\" target=\"_blank\" rel=\"nofollow noopener\">investor.relations@theravance.com<\/a><br \/><\/u>650-808-4045<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF44791&amp;sd=2022-11-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/theravance-biopharma-inc-announces-final-results-of-tender-offer-301685624.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/theravance-biopharma-inc-announces-final-results-of-tender-offer-301685624.html<\/a><\/p>\n<p>SOURCE  Theravance Biopharma, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF44791&amp;Transmission_Id=202211221615PR_NEWS_USPR_____SF44791&amp;DateId=20221122\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DUBLIN , Nov. 22, 2022 \/PRNewswire\/ &#8212;\u00a0Theravance Biopharma, Inc. (&#8220;Theravance Biopharma&#8221; or the &#8220;Company&#8221;) (NASDAQ: TBPH) today announced the final results of its Dutch auction tender offer (the &#8220;Offer&#8221;) to purchase up to $95 million of its ordinary shares, par value $0.00001 per share (the &#8220;Shares&#8221;), which expired at midnight, New York City time, at the end of the day on November 17, 2022. Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the &#8220;Depositary&#8221;), a total of 115,967 Shares were properly tendered and not properly withdrawn. The Company has accepted for purchase 115,967 Shares through the Offer at a price of $10.50 per Share, for an aggregate cost of approximately $1.2 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/theravance-biopharma-inc-announces-final-results-of-tender-offer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Theravance Biopharma, Inc. Announces Final Results of Tender Offer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-714478","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Theravance Biopharma, Inc. Announces Final Results of Tender Offer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/theravance-biopharma-inc-announces-final-results-of-tender-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Theravance Biopharma, Inc. Announces Final Results of Tender Offer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DUBLIN , Nov. 22, 2022 \/PRNewswire\/ &#8212;\u00a0Theravance Biopharma, Inc. (&#8220;Theravance Biopharma&#8221; or the &#8220;Company&#8221;) (NASDAQ: TBPH) today announced the final results of its Dutch auction tender offer (the &#8220;Offer&#8221;) to purchase up to $95 million of its ordinary shares, par value $0.00001 per share (the &#8220;Shares&#8221;), which expired at midnight, New York City time, at the end of the day on November 17, 2022. Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the &#8220;Depositary&#8221;), a total of 115,967 Shares were properly tendered and not properly withdrawn. The Company has accepted for purchase 115,967 Shares through the Offer at a price of $10.50 per Share, for an aggregate cost of approximately $1.2 &hellip; Continue reading &quot;Theravance Biopharma, Inc. 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Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the &#8220;Depositary&#8221;), a total of 115,967 Shares were properly tendered and not properly withdrawn. The Company has accepted for purchase 115,967 Shares through the Offer at a price of $10.50 per Share, for an aggregate cost of approximately $1.2 &hellip; Continue reading \"Theravance Biopharma, Inc. 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