Corporate
Nov. 24, 2015
Judge's ruling kiboshes $1B pharma deal
Horizon Pharma PLC called off its attempted $1 billion hostile takeover of Newark-based Depomed Inc. late last week after a judge granted Depomed's motion for preliminary in junction on claims that its would-be acquirer improperly used confidential information.
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Horizon Pharma PLC called off its attempted $1 billion hostile takeover of Newark-based Depomed Inc. late last week after a judge granted Depomed's motion for preliminary in junction on claims that its would-be acquirer improperly used confidential information. Santa Clara County Superior Court Judge Peter H. Kirwan ruled to temporarily block Horizon's bid late Thursday, and the...
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