February 20, 2015 / 3:33 PM / 3 years ago

BUZZ-Salix Pharma Ltd: Valeant close to takeover bid - source

** Drugmaker’s shares up 4 pct at $156.90

** Canada’s Valeant Pharmaceuticals International Inc could acquire bowel drug maker Salix for around $160 per share as early as next week, Reuters reported on Friday, citing a source

** Valeant’s U.S.-listed stock climbs as much as 3.1 pct to record high of $174.43; Canadian shares up as much as 3.4 pct to life high of C$218.57

** Reuters exclusively reported last week that Endo International Plc had expressed interest in buying Salix a number of times, but had been rebuffed

** Britain’s Shire Plc is also keen on Salix, sources had told Reuters earlier

** Up to Thursday’s close, stock had risen more than 19 pct since Jan. 28, when Salix announced it was restating its results for the past seven quarters

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below