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Stock Market & Financial Investment News

News Breaks
March 13, 2014
06:40 EDTHZNPHorizon Pharma reports Q4 EPS (4c), consensus (8c)
Reports Q4 revenue $30.08M, consensus $32.18M.
News For HZNP From The Last 14 Days
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July 27, 2015
16:45 EDTHZNPLone Pine Capital reports 5.4% passive stake in Horizon Pharma
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07:09 EDTHZNPHorizon Pharma announces collaboration with Fox Chase Cancer Center
Horizon Pharma announced a collaboration with Fox Chase Cancer Center to study ACTIMMUNE in combination with PD-1/PD-L1 inhibitors in various forms of cancer including advanced urothelial carcinoma and renal cell carcinoma. Preclinical cell line research has indicated that interferon gamma enhances cellular PD-L1 expression on endothelial cells and on some tumor cells. By enhancing cellular PD-L1 expression on tumor cells, interferon gamma may promote or enhance the effect of the PD-1 or PD-L1 inhibitors.
July 24, 2015
11:09 EDTHZNPWallachBeth does not see Horizon facing competing suitor for Depomed
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July 21, 2015
11:28 EDTHZNPDepomed says revised Horizon proposal includes no change to amount of stock
Depomed (DEPO) confirmed that it has received a "purported revised, highly conditional, unsolicited and non-binding" proposal from Horizon Pharma (HZNP) to acquire all of the outstanding shares of Depomed in an all-stock transaction currently valued at $33.00 per share. Depomed said its board, in consultation with its independent financial and legal advisors, will carefully review and evaluate the revised proposal to determine the course of action that it believes is in the best interests of the company and its shareholders. Depomed added: "Today's purported increase does not reflect any increase in the amount of Horizon stock that the Depomed shareholders would receive, nor any increase in the pro-forma ownership for the Depomed shareholders, and is the result of the trading value of Horizon's stock having increased since it made its initial offer." Depomed previously rejected the prior proposal, made May 27, to acquire all outstanding common shares of Depomed in an all-stock transaction then valued at $29.25 per share.
07:02 EDTHZNPHorizon Pharma increases offer for Depomed to $33.00 per share
Horizon Pharma (HZNP) announced that it has increased the value of its all-stock acquisition proposal to $33.00 per share from $29.25 per share, contingent on Depomed entering into good faith discussions regarding a transaction. The increased offer represents a 60% premium to the closing price of Depomed on July 6, the day prior to when Horizon's initial proposal was made public.
07:01 EDTHZNPHorizon Pharma increases offer for Depomed to $33.00 per share
July 20, 2015
10:33 EDTHZNPDepomed suitor Horizon Pharma advances after raising outlook
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09:50 EDTHZNPHorizon Pharma CEO says 'here to stick it out' regarding Depomed deal
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09:50 EDTHZNPHorizon Pharma CEO says Depomed proposal 'shareholder friendly'
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09:22 EDTHZNPOn The Fly: Pre-market Movers
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07:16 EDTHZNPHorizon Pharma up 5.2% after reporting preliminary Q2 revenue, raises FY15 view
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07:05 EDTHZNPHorizon Pharma raises FY15 revenue guidance to $660M-$680M from $590M-$610M
Consensus $611.6M. Raises FY15 adjusted EBITDA guidance to $265M-$280M from $235M-$250M.
07:04 EDTHZNPHorizon Pharma sees Q2 revenue $170M-$172M, consensus $138.26M
July 16, 2015
10:04 EDTHZNPHigh option volume stocks
High option volume stocks: TWX PMCS SHW ASML GRMN GSAT ROVI ALLY LC HZNP
July 14, 2015
08:51 EDTHZNPDepomed likely to draw higher bid, says Roth Capital
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July 13, 2015
12:52 EDTHZNPHorizon Pharma CEO says 'disappointed' with Depomed's actions
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10:35 EDTHZNPDepomed adopts Right Agreement
On July 12, the Board of Directors of Depomed (DEPO) declared a dividend of one right for each outstanding share of the Company’s Common Stock, no par value, to shareholders of record at the close of business on July 23. Each Right entitles the registered holder to purchase from the Company a unit consisting of one one-hundredth of a share of Series B Junior Participating Preferred Stock, no par value, at a purchase price of $105.00 per Fractional Share, subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement dated as of July 12 as it may from time to time be supplemented or amended between the Company and Continental Stock Transfer & Trust Company, as Rights Agent. The Fly notes that on July 7 Horizon Pharma (HZNP) proposed to acquire Depomed for $29.25/share in all-stock deal. In morning trading shares of Depomed are down fractionally, while Horizon Pharma shares are up fractionally.

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