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Valeant victorious in battle for Salix, gets majority of drug maker's stock

2015-04-01 15:20:42| Biotech - Topix.net

Valeant Pharmaceuticals International Inc. says its US$11.1-billion friendly takeover bid for Salix Pharmaceuticals, Ltd. was successful, with about three-quarters of all Salix shares tendered by the deadline early Wednesday. Valeant's offer of US$173 in cash per Salix share defeated a rival bid from Dublin-based Endo International, which had offered a combination of stock and cash valued at about US$175 per share.

Tags: stock drug majority battle

Category:Biotechnology and Pharmaceuticals

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