Might cause a bidding war with ENDP.
Bottom is in!
Late October? Mid November? Early December?
Heard offer will be for $13.50 per share soon after Belbuca approval?
Sentiment: Strong Buy
PDUFA October 23.
HZNP to buy DEPO for $3 Billion. DEPO makes Nucynta for severe pain. BDSI is now prime candidate for buyout!
"Endo intends to use the net proceeds from the proposed offering, together with the proceeds of new senior secured credit facilities and cash on hand, to fund the purchase price of the previously announced acquisition of Par Pharmaceutical Holdings, Inc. ("Par"), as well as for repayments of indebtedness of Par and certain transaction expenses. Endo intends to use any remaining proceeds for general corporate purposes, including acquisitions and debt repayments."