A proposed merger of Valeant Pharmaceuticals International Inc and Actavis Inc. was put on hold after the two drugmakers failed to agree on terms of a deal.
April 27- A proposed merger of Valeant Pharmaceuticals International Inc and Actavis Inc was put on hold after the two drugmakers failed to agree on terms of a deal that would have created a healthcare giant with a combined market value of $35 billion, a person familiar with the situation told Reuters on Saturday.
April 27- A proposed merger of Valeant Pharmaceuticals International Inc and Actavis Inc. Actavis spokesman David Belian and Valeant spokeswoman Laurie Little both declined to comment.
April 2- Neurological and dermatology drugs maker Merz Pharma Group offered to buy cosmetic products maker Obagi Medical Products Inc for $383.5 million, topping a bid by Canada's Valeant Pharmaceuticals International Inc. Merz's $22- per-share bid represents a premium of 11 percent to Valeant's offer of $19.75.
March 20- Canada's Valeant Pharmaceuticals International Inc said it would buy Obagi Medical Products Inc for about $344 million to boost its dermatology business, pushing ahead with a strategy of rapid growth through acquisitions. Valeant stock gained nearly 4 percent in early trading in New York and Toronto, to $74.28 and C $76.14, respectively.