Depomed to Report Second Quarter Fiscal Year 2015 Financial Results on Wednesday, July 29, 2015
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Depomed (DEPO) Tops Q2 EPS by 27c; Boosts FY15 Outlook
July 29, 2015 4:07 PM EDTDepomed (NASDAQ: DEPO) reported Q2 EPS of $0.27, $0.27 better than the analyst estimate of $0.00. Revenue for the quarter came in at $94.3 million versus the consensus estimate of $88.33 million.
Depomed sees FY2015 revenue of $320-340 million, versus prior guidance of $335-310 million. The company sees... More
Depomed (DEPO) Board Rejects Horizon Pharma's (HZNP) Revised Takeover Proposal
July 29, 2015 4:05 PM EDTDepomed (NASDAQ: DEPO) announced that its Board of Directors, after careful consideration and with the assistance of its independent financial and legal advisors, has unanimously rejected the purported revised, highly conditional, unsolicited and non-binding proposal from Horizon Pharma plc (NASDAQ: HZNP) ("Horizon") to acquire all of the outstanding shares of Depomed in an all-stock transaction (the "July 21 Proposal").
The Depomed Board concluded that the July 21 Proposal is inadequate and not in the best interests of Depomed and its shareholders. The Depomed Board believes that the... More
