Horizon Pharma ups offer for Depomed to $33 a share

21 July 2015

Ireland-incorporated Horizon Pharma (Nasdaq: HZNP) say that it has increased the value of its previously-announced all-stock acquisition proposal for Depomed (Nasdaq: DEPO; The Pharma Letter July 7) to $33.00 per share from $29.25 per share, contingent on Depomed entering into good faith discussions regarding a transaction. Shares of the latter rose 2.6% to $33.80 on the news.

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