Is a Vote on Depomed Takeover on the Horizon?
August 03, 2015 at 10:16 AM EDT
Horizon Pharma (HZNP) isn’t ready to walk away from its $1.98 billion hostile takeover bid for fellow drug maker Depomed (DEPO). Horizon is pressuring the maker of pain medication to let shareholders vote on the latest bid, which Depomed rejected last week. Depomed’s bylaws allow shareholders with a stake of 10% or larger to call [...]