News Column

Transcept Declares Special Cash Dividend Of $25 Million

May 26, 2014

By a News Reporter-Staff News Editor at Pharma Business Week -- -Transcept Pharmaceuticals Inc. (NASDAQ: TSPT) announced that its board of directors declared a special cash dividend of $1.33 per share on the Company's common stock. Payment will be made on June 3, 2014, to stockholders of record at the close of business on May 26, 2014 (see also Transcept Pharmaceuticals, Inc.).

"We are pleased to distribute a significant amount of cash to our stockholders, and we continue to explore a range of alternatives to enhance stockholder value," said Glenn A. Oclassen, Transcept Chairman and CEO. "We are still actively evaluating several opportunities including a business combination and/or partnership opportunities together with our strategic and financial advisor, Leerink Swann, LLC. We look forward to further updating our stockholders as these initiatives progress."

Keywords for this news article include: Transcept Pharmaceuticals Inc.

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Source: Pharma Business Week

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