- In the latest episode of the hostile takeover drama between Horizon Pharma (HZNP -0.6%) and its target, Depomed (DEPO -1.5%), Horizon has made a new SEC filing asking Depomed shareholders to call special meetings to dump the board.
- The two companies have engaged in repeated sniping about tactics as Depomed's board has rejected several offers to buy the company, and taken other measures including adopting a poison pill.
- Horizon's now appealing directly to shareholders to call for a prompt vote, hoping to elect its own slate, including Stanford law professor Robert Daines.
- Horizon holds about 2.25M shares of Depomed (about a 3.7% stake).
- Previous coverage of Horizon Pharma/Depomed
Horizon Pharma tries again to force special vote at target Depomed
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Symbol | Last Price | % Chg |
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HZNP | - | - |
Horizon Therapeutics Public Limited Company |