Depomed (DEPO) to Seek a Sale - Report
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Depomed (DEPO) Back in Play Amid Recent Chatter; Valuation Remains Below Horizon Offer - Mizuho
September 16, 2016 6:41 AM EDTMizuho securities affirms Depomed (Nasdaq: DEPO) at Buy with a price target of $23 following news that the company is seeking a possible sale.
The firm commented, We had previously modeled a hypothetical takeout price for DEPO of $26 based on a 4.5x EV/sales multiple applied to our FY:17 estimates of $558M. HZNP recently entered an agreement to acquire RPTP, an Orphan... More
