Active Stocks on Trader’s Radar: Horizon Pharma PLC (NASDAQ:HZNP)


On Thursday, September 10, 2015: Shares of Horizon Pharma PLC (NASDAQ:HZNP), observed a gain of 0.53% and closed at $28.58.


Horizon Pharma plc, is truly a class in itself and is a specialty biopharmaceutical company that engages in identifying, developing, acquiring or in-licensing, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the United States and internationally.

Horizon Pharma plc, declared that it has commenced mailing solicitation materials to Depomed, Inc. shareholders, counting a definitive solicitation statement formerly filed with the U.S. Securities and Exchange Commission on September 8, 2015 and a special letter, in connection with Horizon Pharma’s efforts to call two related special meetings of Depomed shareholders.

As formerly declared, on September 8, 2015, Horizon Pharma has also separately commenced an exchange offer to acquire all issued and outstanding shares of Depomed common stock. Under the terms of the exchange offer, each holder of Depomed common stock will have the right to receive 0.95 Horizon Pharma ordinary shares for each of their Depomed shares, which exchange ratio was based on a $33.00 per share offer price for Depomed stock and 15-day volume weighted average price of Horizon Pharma ordinary shares as of August 12th, 2015 of $34.74. The exchange offer, however, is conditioned on, among other things, the withdrawal or invalidation of Depomed’s poison pill noted below.

A copy of Horizon Pharma’s solicitation statement and special letter, in addition to the documents related to the exchange offer, are viewable at:, a website that Horizon Pharma launched to provide details and other relevant information regarding its proposals for the special meetings.

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This article contains an advanced information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as well as statements regarding the forseeable frequent growth of the market for the corporation’s products, the corporation’s capability to fund its capital requirement in the close-to term and in the long term; pricing pressures; etc.

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About the Author

Vince Hart
Vince Hart is a quant reporter at JBH News. He studied mathematics at the University of Chicago and Purdue University. :)