Depomed Comments on Horizon Pharma Announcement

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Guggenheim Confident Horizon Pharma (HZNP) Can Get Depomed (DEPO) Deal Done; Sees 53% Upside Upon Closing

August 3, 2015 12:54 PM EDT

Guggenheim analyst Louise Chen reiterated a Buy rating on Horizon Pharma (NASDAQ: HZNP) after the company announced two steps forward in its potential acquisition of Depomed (NASDAQ: DEPO): 1) Submitted a request to set a record date to determine SH's... More

Depomed (DEPO) to Review Horizon Pharma (HZNP) Request; Files Suit Over Improper Use of NUCYNTA Info

August 3, 2015 10:12 AM EDT

Depomed (NASDAQ: DEPO) commented on Horizon Pharma plc's (NASDAQ: HZNP) ("Horizon") announcement that it intends to request that Depomed's Board of Directors ("Depomed Board") set a record date to determine the shareholders eligible to request a special meeting.

The Depomed Board will review the request when it is received. Provided that such request is received today and contains the information required under Depomed's bylaws, the Depomed Board will, no later than August 31, 2015, fix a record date to determine shareholders entitled to request a special meeting, as... More