InsideArbitrage Potential Deal: Horizon Therapeutics (HZNP) Confirms Preliminary Discussions Regarding Potential Offer
POTENTIAL DEAL DETAILS
| Stock | Horizon Therapeutics Public Limited Company | Symbol | HZNP |
| Date Announced | 11/29/2022 | Source |
Press Release |
| Type | Unsolicited Bid | Acquiring Company/Person |
Amgen Inc. |
| Date of Confirmation: |
12/12/2022 | Price at Confirmation: |
$112.36 |
| Potential Profit: | 12.04% | Annualized Profit: | 337.91% |
The Board of Horizon Therapeutics plc (HZNP) confirms that it is engaged in highly preliminary discussions with Amgen (AMGN), Janssen Global Services, LLC and Sanofi (SNY) (each a Possible Offeror) which may or may not lead to an offer being made for the entire share capital of the company.
Update(s):
December 2, 2022: French drugmaker Sanofi (SNY) said that if it decides to bid for biotech company Horizon Therapeutics (HZNP) it would do so in cash.
December 11, 2022: Amgen Inc. (
AMGN)
is in advanced talks to buy drug company Horizon Therapeutics PLC, (
HZNP) according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.
