Scalper1 News
Specialty-drug maker Horizon Pharma tried to continue its recent acquisition binge Tuesday, making a hostile all-stock offer for Depomed worth roughly $3 billion, including debt. Depomed (DEPO) stock jumped 39% on the news to a record high, closing Tuesday at 28.62. Horizon Pharma (HZNP) stock, which touched its all-time high of 35.70 on July 1, fell 2% to 33.86. Horizon offered $29.25 a share for Depomed, a 42% premium on Monday’s closing price. Scalper1 News
Scalper1 News