ARTICLE | Financial News
Vivus rises on Icahn debt news
October 9, 2015 1:29 AM UTC
Vivus Inc. (NASDAQ:VVUS) climbed $0.18 (10%) to $2 on Thursday after the Carl Icahn's Icahn Enterprises L.P. (NASDAQ:IEP) said it acquired $170.2 million of Vivus debt from existing holders, representing 68% of the outstanding 4.5% notes due 2020. Each noteholder will receive $680 in cash per $1,000 principal amount of notes, plus accrued and unpaid interest. ...