BUZZ-Salix Pharmaceuticals Ltd: Valeant in talks to buy co - Bloomberg

Tue Feb 3, 2015 1:09pm EST
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** Drugmaker Salix's shares up 6 pct at $141.84 in afternoon trade

** Canadian drugmaker Valeant Pharmaceuticals is in talks to buy Salix, Bloomberg reports, quoting people with the knowledge of the matter (

** British drugmaker Shire Plc also interested in Salix, Bloomberg says, citing sources

** The talks follow Salix saying it would restate financial results for the past seven quarters due to inventory problems that led to a management change

** U.S.-listed shares of Valeant down about 3 percent at $157.43 on the New York Stock Exchange

** Salix stock had gained 27.8 pct in 2014