Needham & Company Downgrades Hyperion Therapeutics (HPTX) to Hold Amid Takeover Deal

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Horizon Pharma plc to Acquire Hyperion Therapeutics, Inc. for $46.00 per Share or $1.1 Billion in Cash

March 30, 2015 6:00 AM EDT

DUBLIN, IRELAND and BRISBANE, CA -- (Marketwired) -- 03/30/15 -- Horizon Pharma plc (NASDAQ: HZNP) and Hyperion Therapeutics, Inc. (NASDAQ: HPTX) today announced they have entered into a definitive agreement under which Horizon Pharma will acquire all of the issued and outstanding shares of Hyperion's common stock for $46.00 per share in cash or approximately $1.1 billion on a fully diluted basis. The per share consideration represents a premium of approximately 35 percent to Hyperion's volume weighted average price for the trailing 60-days. The proposed transaction has been unanimously approved by both companies'... More