Navigation Links
Robbins Arroyo LLP: Acquisition of Hyperion Therapeutics, Inc. (HPTX) by Horizon Pharma plc (HZNP) May Not Be in Shareholders' Best Interests
Date:3/30/2015

SAN DIEGO and BRISBANE, Calif., March 30, 2015 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Hyperion Therapeutics, Inc. (NASDAQ: HPTX) by Horizon Pharma plc (NASDAQ: HZNP).  On March 30, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Horizon will acquire Hyperion.  Under the terms of the agreement, Hyperion shareholders will receive $46.00 in cash for each share of Hyperion common stock.

View this information on the law firm's Shareholder Rights Blog: http://www.robbinsarroyo.com/shareholders-rights-blog/hyperion-therapeutics-inc-march-2015  

Is the Proposed Acquisition Best for Hyperion Therapeutics, Inc. and Its Shareholders?

Robbins Arroyo LLP's investigation focuses on whether the board of directors at Hyperion is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

As an initial matter, the $46.00 merger consideration represents a premium of only 7.6% based on Hyperion's closing price on March 27, 2015.  This premium is significantly below the average one day premium of nearly 67.8% for comparable transactions within the past year.  In addition, the $46.00 merger consideration is significantly below the $52.00 target price set by an analyst at Wedbush on March 23, 2015, the $51.00 target price set by an analyst at Brean Capital LLC on March 25, 2015, and the $50.00 target price set by an analyst at Roth Capital Partners on March 18, 2015.

On February 26, 2015, Hyperion reported strong quarterly earnings results for its fourth quarter and full year 2014.  Hyperion reported net product revenue from sales for the fourth quarter fiscal 2014 of $30.8 million, compared with $18.6 million for the comparable quarter in fiscal 2013, representing a 65% increase.  Also, Hyperion reported adjusted net income of $10.3 million, or $0.47 per diluted share, for the three months ended December 31, 2014, compared to adjusted net earnings of $4.1 million, or $0.19 per diluted share, for the same period of 2013.  In commenting on these results, Hyperion President and Chief Executive Officer Donald J. Santel remarked, "2014 was another momentous year of growth for us as we continued to make great inroads toward increasing the number of UCD patients treated with RAVICTI.  We have delivered strong quarter over quarter financial results, and importantly, we have contributed to the body of knowledge regarding the optimal treatment of UCDs via publication of data from our clinical trials."

In light of these facts, Robbins Arroyo LLP is examining Hyperion's board of directors' decision to sell the company now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.

Hyperion shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information.  Hyperion shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.  

Attorney Advertising. Past results do not guarantee a similar outcome.  

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

Logo - http://photos.prnewswire.com/prnh/20130103/MM36754LOGO

 


'/>"/>
SOURCE Robbins Arroyo LLP
Copyright©2015 PR Newswire.
All rights reserved

Related medicine technology :

1. Robbins Arroyo LLP Is Investigating the Directors and Officers of Navidea Biopharmaceuticals, Inc.
2. Net Medical Xpress Announces Acquisition of Telemedicine Staffing Company
3. Biosensors Completes Spectrum Dynamics Assets Acquisition
4. PuraMed BioScience Discusses Potential for Patent Portfolio Acquisition
5. Actavis Files Registration Statement on Form S-4 in Connection with Proposed Warner Chilcott Acquisition
6. H. D. Smith Completes Acquisition Of Pharmaceutical Support Services Company Triplefin
7. Quest Diagnostics Completes Acquisition of Lab-Related Clinical Outreach Operations of Dignity Health
8. Cynosure Completes Acquisition of Palomar Medical Technologies
9. Sanomedics Signs Definitive Agreement for Acquisition of a prominent Texas based Sleep Services company.
10. Omthera Stockholders Approve Acquisition by AstraZeneca
11. Indegene builds on Aptilon acquisition to launch new iMCM framework for enhanced Enterprise-wide Multichannel Marketing (MCM) deployment.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2018)... (PRWEB) , ... December 05, 2018 , ... Trivellini Tech ... Trivellini Long Hair, based on a version previously known as Mamba Nano, Trivellini Long ... to Dr. Trivellini, this version of “Trivellini system has the same capabilities as the ...
(Date:12/5/2018)... Va. (PRWEB) , ... December 05, 2018 , ... ... the Nuanced Cyber Regulatory Waters , **An FDAnews Webinar**, Tuesday, Dec. 18, 2018, ... medical devices get, the more vulnerable they become. , Cybersecurity is becoming an ...
(Date:11/29/2018)... COAST, Fla. (PRWEB) , ... November 29, 2018 ... ... leading, practitioner-channel dietary supplement company – announced today the launch of the Annatto-E™ ... American annatto plant (Bixa orellana). Backed by clinical research, DFH’s new Annatto-E™ products ...
Breaking Medicine Technology:
(Date:12/5/2018)... , ... December 05, 2018 , ... ... SkinPen Precision device is setting a new standard as the premier FDA-cleared microneedling ... , Each year this award is presented at the renowned Aesthetics Awards to ...
(Date:12/5/2018)... Calif. (PRWEB) , ... December 05, 2018 , ... Marking ... for its annual global celebration “A Toast Heard ‘Round the World” on New Year’s ... members of the school’s global community (alumni, students, faculty members, staff, families, and friends ...
(Date:12/5/2018)... ... December 05, 2018 , ... What is ... condition are poorly understood. It manifests on the face, especially the cheeks, chin, ... can cause enormous social and psychological problems. , Although it is considered incurable, ...
(Date:12/5/2018)... ... ... You can now experience two cutting edge Oregon brands at the same ... the cannabis industry with several brands including Sticks and Cabana ... winning , botanical terpene company that focuses on using terpenes from non-cannabis sources to ...
(Date:11/29/2018)... ... November 29, 2018 , ... ... alleviate and treat chronic pain without opiates. This new and unique approach to ... or eliminate chronic pain for both children and adults. , According to ...
Breaking Medicine News(10 mins):