regulatory
confidence high
sentiment negative
materiality 0.80
FTC obtains stipulated TRO blocking Amgen's Horizon acquisition until Sept 15 or court ruling
AMGEN INC
- FTC filed complaint May 16, 2023 in N.D. Illinois seeking to enjoin $27.8B acquisition of Horizon Therapeutics.
- Stipulated TRO granted May 17, 2023: Amgen and Horizon cannot close deal until Sept 15, 2023 or 2nd business day after court rules on FTC's preliminary injunction request.
- Parties agreed to the stipulated TRO to allow court to consider the FTC's request.