Valeant says plans to "improve" offer for Allergan
May 13 (Reuters) - Valeant Pharmaceuticals International Inc said it planned to "improve" its $47 billion takeover offer for drugmaker Allergan Inc, a day after the U.S. company rejected the bid.
Canada's Valeant said it remained committed to getting the deal done but would remain "financially disciplined."
Allergan, which makes the popular anti-wrinkle treatment Botox, said on Monday that Valeant's business model was unsustainable and the offer was too risky because of uncertainty about the company's long-term growth. (Reporting by Esha Dey in Bangalore; Editing by Saumyadeb Chakrabarty)
© Thomson Reuters 2017 All rights reserved.