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BRIEF-Depomed announces cooperation agreement with Starboard Value Lp
March 28, 2017 / 8:12 PM / 8 months ago

BRIEF-Depomed announces cooperation agreement with Starboard Value Lp

March 28 (Reuters) - Depomed Inc -

* Depomed announces cooperation agreement with Starboard Value Lp including CEO and board changes

* Three new directors named to board

* Says q1 2017 net sales estimated to be $95-$100 million-

* Says James Fogarty named new chairman of boar

* James Fogarty named new chairman of board

* Arthur J. Higgins has joined company as president and chief executive officer and member of board of directors

* Says q1 results reflect impact of previously announced realignment of company’s sales force effective February 1, 2017

* Company will revise its financial guidance for year

* Q1 revenue view $114.6 million -- Thomson Reuters I/B/E/S

* Says resignation of James Schoeneck as president and chief executive officer and member of board of directors Source text for Eikon: Further company coverage:

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