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Business
Valeant Trumps Endo In Fight For Salix
by Michael McCoy
March 23, 2015
| A version of this story appeared in
Volume 93, Issue 12
Valeant Pharmaceuticals has raised its offer for the gastrointestinal drug firm Salix Pharmaceuticals with a new bid of $173.00 per share in cash, or about $15.8 billion. Valeant and Salix had signed a takeover deal in February that valued Salix at $158.00 per share. But earlier this month another drugmaker, Endo International, entered the fray with a $175.00 cash-and-stock bid. Valeant says its all-cash deal, although for less, brings more certainty. Salix apparently agrees and has accepted. Endo has withdrawn its offer.
The power is now in your (nitrile gloved) hands
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