ASRT Shares Decline in After-Hours Trading Following Discounted Acquisition Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2026
0mins
Should l Buy ASRT?
Source: stocktwits
Stock Price Reaction: Shares of Assertio Holdings, Inc. (ASRT) fell 1.5% after the announcement of an agreement to be acquired by Garda Therapeutics for $125.1 million in cash.
Acquisition Details: Under the deal, Garda will pay Assertio shareholders $18 per share in cash, which represents a 3% discount to the stock's closing price on Tuesday.
Transaction Timeline: The acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions.
Further Updates: Investors can follow updates on this developing story directly on Stocktwits.
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Analyst Views on ASRT
Wall Street analysts forecast ASRT stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 22.200
Low
35.00
Averages
40.00
High
45.00
Current: 22.200
Low
35.00
Averages
40.00
High
45.00
About ASRT
Assertio Holdings, Inc. is a pharmaceutical company offering differentiated products to patients. The Company has built its commercial portfolio through the acquisition or licensing of approved products. Its commercial capabilities include marketing through both a sales force and an omni-channel promotion model, market access through payor contracting, and trade and distribution. The Company’s primary marketed products include ROLVEDONTM (eflapegrastim-xnst) injection for subcutaneous use, INDOCIN (indomethacin) Suppositories, INDOCIN (indomethacin) Oral Suspension, Sympazan (clobazam) oral film, Otrexup (methotrexate) injection for subcutaneous use, SPRIX (ketorolac tromethamine) Nasal Spray, and CAMBIA (diclofenac potassium for oral solution). INDOCIN (indomethacin) Suppositories and INDOCIN (indomethacin) Oral Suspension products are nonsteroidal anti-inflammatory drugs (NSAID). Otrexup is a once weekly single-dose auto-injector containing methotrexate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Garda Therapeutics Raises Acquisition Offer to $21.80 per Share
- Increased Acquisition Offer: Garda Therapeutics has raised its all-cash tender offer for Assertio Holdings to $21.80 per share, valuing the company at approximately $153.2 million, which represents a 21.1% increase over the initial bid, indicating confidence in Assertio's future potential.
- Positive Stock Reaction: Following the announcement, Assertio's shares jumped 17% in early trading, reflecting a positive market response to the revised offer and enhancing investor confidence in the company's value.
- Amended Merger Agreement: The companies entered into an amended merger agreement on May 1 after a “window-shop” process, where Assertio engaged with multiple parties and received a superior proposal, prompting further negotiations with Garda to ensure the best outcome for shareholders.
- Expected Transaction Completion: Under the terms, Garda will acquire all outstanding shares at $21.80 each, with the deal expected to close in the second quarter of 2026, leading to Assertio's delisting from Nasdaq and marking a significant strategic shift for the company.
See More
ASSERTIO: GARDA TO PURCHASE ALL OUTSTANDING SHARES OF CO FOR $21.80 EACH IN CASH UNDER REVISED AGREEMENT TERMS
- Acquisition Announcement: GARDAT has announced its intention to acquire all outstanding shares of COFOR for $21.80 per share in cash.
- Terms of Agreement: The acquisition is being conducted under the terms of an amended agreement.
See More
ASSERTIO HOLDINGS INC: RAISES ALL-CASH TENDER OFFER TO $21.80 PER SHARE, TOTALING $153.2 MILLION
Company Announcement: Assertio Holdings has announced an all-cash tender offer for its shares.
Offer Details: The tender offer price is set at $21.80 per share, totaling approximately $153.2 million.
See More
ASSERTIO REVEALS REVISED MERGER AGREEMENT WITH GARDA THERAPEUTICS
Announcement of Agreement: Assertio Therapeutics has announced an amended and restated merger agreement with Garuda Therapeutics.
Details of the Merger: The agreement outlines the terms and conditions under which the merger will take place, aiming to enhance both companies' capabilities in the therapeutic market.
See More
Assertio Reaches Acquisition Agreement with Garda
- Acquisition Agreement Extended: Assertio and Garda have mutually agreed to extend the deadline for the tender offer to May 4, 2026, providing Assertio additional time to explore potentially superior bids, which could impact shareholder returns.
- Cash Acquisition Terms: Under the agreement, Garda will acquire Assertio at $18.00 per share, totaling $125.1 million in cash, reflecting Garda's commitment to Assertio while offering shareholders a clear value proposition.
- Window-Shop Provision: The agreement includes a 20-day
See More
Garda to Initiate Tender Offer for Assertio Update
- Tender Offer Timeline: Garda Therapeutics plans to commence its tender offer for all outstanding shares of Assertio on April 29, 2026, marking a critical milestone in the acquisition process that is expected to have a direct impact on shareholder value.
- Acquisition Price Set: As announced on April 8, 2026, Garda will acquire Assertio at $18.00 per share in cash, totaling $125.1 million, reflecting a strong recognition of Assertio's value in the market.
- Window-Shop Provision: The 20-day 'window-shop' period allows Assertio to engage with other potential buyers, and if a superior bid arises, the Board can terminate the agreement with a reduced breakup fee, enhancing shareholder options and potential value.
- Market Reaction Anticipation: The announcement of this tender offer is likely to attract market attention towards Assertio's stock, prompting investors to closely monitor subsequent SEC filings for critical information regarding the terms and conditions of the transaction.
See More
Garda Therapeutics Raises Acquisition Offer to $21.80 per Share
- Increased Acquisition Offer: Garda Therapeutics has raised its all-cash tender offer for Assertio Holdings to $21.80 per share, valuing the company at approximately $153.2 million, which represents a 21.1% increase over the initial bid, indicating confidence in Assertio's future potential.
- Positive Stock Reaction: Following the announcement, Assertio's shares jumped 17% in early trading, reflecting a positive market response to the revised offer and enhancing investor confidence in the company's value.
- Amended Merger Agreement: The companies entered into an amended merger agreement on May 1 after a “window-shop” process, where Assertio engaged with multiple parties and received a superior proposal, prompting further negotiations with Garda to ensure the best outcome for shareholders.
- Expected Transaction Completion: Under the terms, Garda will acquire all outstanding shares at $21.80 each, with the deal expected to close in the second quarter of 2026, leading to Assertio's delisting from Nasdaq and marking a significant strategic shift for the company.
See More
ASSERTIO: GARDA TO PURCHASE ALL OUTSTANDING SHARES OF CO FOR $21.80 EACH IN CASH UNDER REVISED AGREEMENT TERMS
- Acquisition Announcement: GARDAT has announced its intention to acquire all outstanding shares of COFOR for $21.80 per share in cash.
- Terms of Agreement: The acquisition is being conducted under the terms of an amended agreement.
See More
ASSERTIO HOLDINGS INC: RAISES ALL-CASH TENDER OFFER TO $21.80 PER SHARE, TOTALING $153.2 MILLION
Company Announcement: Assertio Holdings has announced an all-cash tender offer for its shares.
Offer Details: The tender offer price is set at $21.80 per share, totaling approximately $153.2 million.
See More
ASSERTIO REVEALS REVISED MERGER AGREEMENT WITH GARDA THERAPEUTICS
Announcement of Agreement: Assertio Therapeutics has announced an amended and restated merger agreement with Garuda Therapeutics.
Details of the Merger: The agreement outlines the terms and conditions under which the merger will take place, aiming to enhance both companies' capabilities in the therapeutic market.
See More
Assertio Reaches Acquisition Agreement with Garda
- Acquisition Agreement Extended: Assertio and Garda have mutually agreed to extend the deadline for the tender offer to May 4, 2026, providing Assertio additional time to explore potentially superior bids, which could impact shareholder returns.
- Cash Acquisition Terms: Under the agreement, Garda will acquire Assertio at $18.00 per share, totaling $125.1 million in cash, reflecting Garda's commitment to Assertio while offering shareholders a clear value proposition.
- Window-Shop Provision: The agreement includes a 20-day
See More
Garda to Initiate Tender Offer for Assertio Update
- Tender Offer Timeline: Garda Therapeutics plans to commence its tender offer for all outstanding shares of Assertio on April 29, 2026, marking a critical milestone in the acquisition process that is expected to have a direct impact on shareholder value.
- Acquisition Price Set: As announced on April 8, 2026, Garda will acquire Assertio at $18.00 per share in cash, totaling $125.1 million, reflecting a strong recognition of Assertio's value in the market.
- Window-Shop Provision: The 20-day 'window-shop' period allows Assertio to engage with other potential buyers, and if a superior bid arises, the Board can terminate the agreement with a reduced breakup fee, enhancing shareholder options and potential value.
- Market Reaction Anticipation: The announcement of this tender offer is likely to attract market attention towards Assertio's stock, prompting investors to closely monitor subsequent SEC filings for critical information regarding the terms and conditions of the transaction.
See More
