BUZZ-Valeant Pharmaceuticals: Plans to poach Perrigo CEO Papa - source

Fri Apr 22, 2016 7:09am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Embattled Canadian drugmaker's U.S.-listed shares up 7 pct at $35.75 premarket

** Valeant is seeking to appoint Perrigo Co Plc's boss Joseph Papa as its new CEO, a source familiar with the matter tells Reuters

** Quebec-based Valeant is negotiating a contract with the Perrigo CEO and it aims to announce his appointment as soon as next week - source

** Perrigo says as company policy it will not comment on market speculation

** Valeant said in March CEO Michael Pearson was leaving the company, just three weeks after returning from a two-month medical leave

** Up to Thursday's close, U.S. stock had fallen 67 pct this year