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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