DepoMed Inc. (DEPO) announced Tuesday morning that Horizon Pharma (HZNP) has offered to acquire the company for $29.25 per share, or approximately $3.0 billion in all-stock.
DepoMed has gapped open sharply higher this morning and is now up 7.22 at $27.86 on strong volume. The stock is now challenging the highs of the year, trading at over a 2-month high.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.