It amazing how this guy spends hours and hours on this board repeating over and over his mantra about the great, great offer DEPO shareholders have received and rejected, because they dont see its greatness. Its really funny to watch his effort :-)
It s amazing how many people from the HZNP board are here to tell us how lucky we are to be purchased for the wonderfull offer :-))))) It looks like HZNP has a lot of PR money to medialize their goals :-)))) But no DEPO people on the HZNP board asking to be bought :-))))
As a long term investor and supporter of Howard, I was quite dissapointed with the presentation. If they wont get anything from 102 by the end of the year, I think Howard should step down. After all that money and time someone should take the responsibility....
If you will read the letter and the presentation... they have communicated with shareholders and Horizon board... not all DEPO shareholders own HZNP... and for those this deal is a nono as it is... so even with court in the end HZNP wont get the votes and they know that... thats why they added the 25% cash component..
:-)))) You forgot a small detail in your story.... that the DEPO stock was taken down from 28 to 20 by the same people who then offer 29.25 just before the offer.... so sure they have votes for about 15M shares that were used in this move ... :-))
So will the price climb higher... or is the time to sell ? The price drop in April looks quite well orchestrated effort to bring the price down before the offer... the Q2 DEPO revenue and conf call may give us some insight on that...
In our effort to pursue a friendly, negotiated transaction, we are prepared to further increase our proposal price to $33.00 per share in Horizon ordinary shares, contingent on Depomed rapidly entering into good faith discussions regarding a transaction. Based on public information available to us, we believe $33.00 is a full and fair price for Depomed
OK Q2 results,...
Lazanda sales 5M due to incresed sales force
Cambia sales 9M
Looking back... the selloff could have been manipulation by someone that knew that the offer from horizon will come and wanted to get the price down before the negotiations... It would make no sense to offer 29.25 if the price on the market would be 28...