Adolor Corp (ADLR)

[mlkrborn]

Adolor announced the results of Cubist's initial tender offer to purchase all of the outstanding shares of common stock of Adolor for $4.25 per share in cash (ADLR) 4.69 : Cubist Pharmaceuticals (CBST) and ADLR announced the results of Cubist's initial tender offer to purchase all of the outstanding shares of common stock of Adolor for $4.25 per share in cash, plus one nontransferable Contingent Payment Right entitling the holder to receive additional cash payments of up to $4.50 for each share tendered if certain regulatory approvals and/or commercialization milestones for ADL5945 are achieved. The tender offer is being effected through Cubist's subsidiary, FRD Acquisition Corporation. The initial tender offer period expired at 12:00 midnight ET, at the end of December 6, 2011.