LNTH shares should trade near the $102.50 cash component, discounted for time-to-close and deal risk, with potential upside from CVRs if milestones are achieved. Monitor the shareholder vote and regulatory clearance timeline; any delay or risk to closing could create a spread-widening opportunity. The CVRs, if listed separately, will be tied to PYLARIFY, Neuraceq, and DEFINITY sales milestones through 2030.
Price Chart
Executive Summary
Lantheus Holdings has entered into a definitive agreement to be acquired by Curium US Holdings LLC for $102.50 per share in cash at closing plus up to $12.00 per share in contingent value rights (CVRs) tied to commercial milestones, for a total consideration of up to $114.50 per share and an aggregate transaction value of up to $8.0 billion. The deal represents a 38% premium to Lantheus' unaffected 60-day VWAP and a 29% premium to its 30-day VWAP, and is expected to close in the first half of 2027. Lantheus will suspend its FY2026 guidance and cease to be a publicly traded company upon completion.
Key Financial Metrics
Key Facts
- Total consideration of up to $114.50 per share: $102.50 cash at closing plus up to $12.00 per share in CVRs
- Aggregate transaction value up to $8.0 billion
- Premium of 38% to unaffected 60-day VWAP, 29% to unaffected 30-day VWAP, and 21% to unaffected closing price as of May 21, 2026
- Lantheus Board unanimously approved the transaction
- Expected to close in first half of 2027, subject to shareholder and regulatory approvals
- Lantheus will suspend previously issued FY2026 guidance and will not host a Q2 2026 earnings call
Financial Impact
Up to $8.0 billion total consideration; $102.50 per share cash at closing plus up to $12.00 per share in CVRs tied to commercial milestones through 2030
Risk Factors
- Transaction may not close due to failure to obtain shareholder approval or required regulatory approvals
- CVR milestones may not be achieved, resulting in no additional payments beyond the $102.50 cash
- Pendency of deal could disrupt Lantheus' business operations and employee retention
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3337411 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $100.10 $99.80 | ▼ −0.30% | ▲ +0.22% | $100.15 (+0.05%) |
Oct 2, 2026 25d ago | DEFA14A | $100.19 $99.95 | ▼ −0.24% | ▼ −0.79% | $100.15 (−0.04%) |
Oct 2, 2026 25d ago | 8-K | $100.19 $99.95 | ▼ −0.24% | ▼ −0.79% | $100.15 (−0.04%) |
Sep 16, 2026 5w ago | DEFA14A | $100.80 $100.55 | ▼ −0.25% | ▼ −0.38% | $100.15 (−0.64%) |
Aug 26, 2026 8w ago | PREM14A | $100.82 $100.47 | ▼ −0.35% | ▼ −1.00% | $100.15 (−0.66%) |
Aug 14, 2026 10w ago | Press Release | $100.95 $100.91 | ▼ −0.04% | ▲ +0.43% | $100.15 (−0.79%) |
Aug 6, 2026 11w ago | 8-K | $101.07 $100.95 | ▼ −0.12% | ▼ −0.73% | $100.15 (−0.91%) |
Aug 3, 2026 12w ago | 8-K / DEFA14A | $101.11 $101.50 | ▲ +0.39% | ▲ +0.59% | $100.15 (−0.95%) |
Aug 3, 2026 12w ago | DEFA14A / 8-K | $101.19 $101.11 | ▼ −0.08% | ▼ −1.88% | $100.15 (−1.03%) |
Aug 3, 2026 12w ago | Press Release | $101.19 $101.11 | ▼ −0.08% | ▼ −1.88% | $100.15 (−1.03%) |
US Market Status
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