U.S. court issues temporary restraining order on $27.8 bln Amgen-Horizon deal

Horizon Therapeutics

18/05/2023 13:49

May 18 (Reuters) - A U.S. district court has issued a
temporary restraining order on Amgen Inc's  AMGN.O  $27.8
billion acquisition of Horizon Therapeutics  HZNP.O  following a
submission for it by the two companies and the U.S. Federal
Trade Commission, Amgen said on Wednesday.
    Under the order, Amgen and Horizon would not close their
transaction until the earlier of Sept. 15 or the second business
day after the court rules on the FTC's lawsuit filed on Tuesday.

 (Reporting by Leroy Leo in Bengaluru)
 ((Leroy.Dsouza@thomsonreuters.com ; Twitter: https://twitter.com/LeroyLeo7;))