Purchase of Salix adds gastrointestinal drugs to Valeant stable
Valeant will pay US$158 a share in cash for Salix in US$10.1 billion acquisition
Mon, Feb 23, 2015 - 5:50 AM
Valeant is a serial acquirer, using an advantageous tax structure to make purchases and then slashing research and development costs to boost profits; before Salix, Valeant had completed US$19.2 billion of deals in the past five years, including the purchase of Bausch & Lomb Inc in 2013.
VALEANT Pharmaceuticals International Inc agreed to buy Salix Pharmaceuticals Ltd for about US$10.1 billion, a person with knowledge of the matter said, to add gastrointestinal drugs to its stable of offerings.
Valeant will pay US$158 a share in cash for Salix, the person...