mardi 23 septembre 2014

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Allergan, the Botox maker fending off a hostile bid by Valeant Pharmaceuticals and Pershing Square Capital Management, had had talks to acquire Salix Pharmaceuticals, another drug maker, according to people briefed on the matter.



If successful, Allergan’s acquisition of Salix would probably derail Valeant and Pershing Square’s $53 billion takeover attempt. It would also mean the end of Salix’s own deal to acquire Cosmo Technologies, the Irish unit of Cosmo Pharmaceuticals of Italy, in a tax inversion deal announced this summer.



But talks between Allergan and Salix continue and could still fall apart, these people said. One person briefed on the matter said the companies still had not come to terms.



And a deal would be a financial reach for Allergan. Salix has a market value of more than $10 billion, and its stock was up 16 percent in after-hours trading following a report in The Wall Street Journal about talks between the companies.



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