Seeking Alpha

Horizon and Vidara to marry in a reverse merger

  • Horizon Pharma (HZNP) acquires Vidara Therapeutics in a cash-and-stock reverse merger valued at $660M.
  • 74% of Horizon Pharma plc (the new company name) ordinary shares will be exchanged for Horizon Pharma Inc.'s common shares. Vidara will receive 26% of Horizon Pharma plc plus $200M cash.
  • Expected pro forma revenues for 2014 are $250M - $265M.
  • Timothy P. Walbert, Horizon Pharma Inc. Chairman, President and CEO will lead the new entity.
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