Mizuho Securities Raises Price Target on Depomed (DEPO) Following Starboard's Activism Announcement; Reiterates Neutral
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Go back to Mizuho Securities Raises Price Target on Depomed (DEPO) Following Starboard's Activism Announcement; Reiterates Neutral
April 8, 2016 9:06 AM EDT
NEWARK, Calif., April 8, 2016 /PRNewswire/ -- Depomed, Inc. (NASDAQ: DEPO) ("Depomed" or the "Company") today issued the following statement in response to the Schedule 13D filed April 7 with the Securities and Exchange Commission by Starboard Value LP ("Starboard"):
Depomed welcomes open communications with its shareholders and values constructive input toward the goal of enhancing shareholder value. Depomed... More
April 8, 2016 8:01 AM EDT
NEW YORK, April 8, 2016 /PRNewswire/ --Â Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Depomed, Inc. (NASDAQ: DEPO) with an ownership interest in approximately 9.8% of Depomed's outstanding shares, today announced it has delivered a letter to President and CEO, Jim Schoeneck, and the Depomed Board of Directors.
The full text of the letter follows:
April 8, 2016
Depomed, Inc.  7999 Gateway Boulevard, Suite 300  Newark, CA 94560  Attn: Jim Schoeneck, President and Chief Executive OfficerÂ
cc: Board of Directors
Dear Jim,
Starboard Value LP, together with its... More
