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Valeant, Pershing Square make revised bid for Allergan


Valeant Pharmaceuticals and Pershing Square made a revised offer for Allergan on Friday that is contingent on good faith negotiations. 

The offer is for $72 per share in cash and 0.83 shares of Valeant stock. Allergan halted its stock Friday ahead of the news.

Valeant stock was last lower in trade on Friday.

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