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Company not found (ITCI)

Earnings summaries and quarterly performance for ITCI.

Executive leadership at ITCI.

Board of directors at ITCI.

Recent press releases and 8-K filings for ITCI.

Intra-Cellular Therapies, Inc. Becomes a Johnson & Johnson Subsidiary
ITCI
M&A
Delisting/Listing Issues
Board Change
  • Merger Completion: On April 2, 2025, the merger was finalized, converting each common share to a cash consideration of $132.00 per share.
  • Change in Control: As a result of the transaction, the company became a wholly owned subsidiary of Johnson & Johnson, with approximately $14.6 billion in consideration paid to its stockholders.
  • Listing Update: The company notified Nasdaq to halt trading and initiated procedures to delist its shares and deregister under the Exchange Act.
  • Governance Amendments: The company’s certificate of incorporation and bylaws were amended and restated, leading to a board reorganization with incoming directors from Merger Sub.
Apr 2, 2025, 12:00 AM
Intra-Cellular Therapies, Inc. Approves Merger Agreement
ITCI
M&A
Proxy Vote Outcomes
  • Special meeting held on March 27, 2025: The company approved its Merger Agreement with Johnson & Johnson, where a special meeting of stockholders was convened.
  • Merger vote details: Approximately 73.31% of outstanding shares were represented, leading to the successful adoption of both the Merger Agreement and related proposals, with the transaction expected to close on or around April 2, 2025.
Mar 27, 2025, 12:00 AM
Intra-Cellular Therapies Files 8-K on Merger and Legal Developments
ITCI
M&A
Legal Proceedings
  • The 8-K announces the filing of a Proxy Statement and an upcoming special meeting on March 27, 2025, related to the merger with Johnson & Johnson, with stockholder eligibility as of February 13, 2025.
  • Multiple litigation actions have been initiated by stockholders, including the Morgan, O’Neill, and Drulias complaints, alleging misrepresentations in the Proxy Statement disclosures.
  • Supplemental disclosures include detailed valuation analyses by Centerview Partners and Jefferies, comparing ITI’s estimated per share equity value (approximately $102.90 to $127.70) to the merger consideration of $132.00 per share.
Mar 18, 2025, 12:00 AM

Quarterly earnings call transcripts for ITCI.

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