Mizuho Securities Raises Price Target on Depomed (DEPO) Following Starboard's Activism Announcement; Reiterates Neutral
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Depomed Issues Statement in Response to Starboard Value LP 13D Filing
April 8, 2016 9:06 AM EDTNEWARK, Calif., April 8, 2016 /PRNewswire/ -- Depomed, Inc. (NASDAQ: DEPO) ("Depomed" or the "Company") today issued the following statement in response to the Schedule 13D filed April 7 with the Securities and Exchange Commission by Starboard Value LP ("Starboard"):
Depomed welcomes open communications with its shareholders and values constructive input toward the goal of enhancing shareholder value. Depomed... More
Starboard Delivers Letter to Depomed CEO and Board of Directors
April 8, 2016 8:01 AM EDTNEW YORK, April 8, 2016 /PRNewswire/ --Â Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Depomed, Inc. (NASDAQ: DEPO) with an ownership interest in approximately 9.8% of Depomed's outstanding shares, today announced it has delivered a letter to President and CEO, Jim Schoeneck, and the Depomed Board of Directors.
The full text of the letter follows:
April 8, 2016
Depomed, Inc.  7999 Gateway Boulevard, Suite 300  Newark, CA 94560  Attn: Jim Schoeneck, President and Chief Executive OfficerÂ
cc: Board of Directors
Dear Jim,
Starboard Value LP, together with its... More
