BHA /
DURECT
BHA agrees to acquire DURECT through merger




Source for the buyer and target: Bausch Health Companies Inc.
For the buyer and target.
“The Merger Agreement provides, among other things, that as soon as practicable following (but in any event no later than the business day after) the consummation of the Offer and subject to the satisfaction or waiver of specified conditions, Purchaser will be merged with and into DURECT (the “ Merger ”) in accordance with Section 251(h) of the Delaware General Corporation Law (the “ DGCL ”) without a vote on the adoption of the Merger Agreement by DURECT stockholders, with DURECT continuing as the surviving corporation in the Merger and thereby becoming a wholly owned subsidiary of BHA.”
Published 12 Aug 2025
Open the sourceWhat happened
BHA and DURECT entered into an Agreement and Plan of Merger dated July 29, 2025. Under the agreement, Purchaser will merge into DURECT, which will become a wholly owned subsidiary of BHA. [01]
DURECT is identified in the filing under pharmaceutical preparations. [01]
Who is involved, and the source
Everything on this page comes from the source below, quoted word for word.
Advisers
Target
- Fairness opinion to the targetLW SecuritiesSource: SEC filing, as of 12 Aug 2025
- Financial adviser to the targetLocust WalkSource: SEC filing, as of 12 Aug 2025
Each adviser in its source's own words. An adviser's own announcement is labelled as one: it is not independent reporting. Advisers are not parties to the deal.
BHA agrees to acquire DURECT through merger
This document is the source for the companies, stage and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
Announced
“BHA agrees to acquire DURECT through merger BHA and DURECT entered into an Agreement and Plan of Merger dated July 29, 2025”
Open the source
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