Congrats Valeant.
After Endo’s $175-ish cash-and-stock topping bid last week, yesterday Valeant raised its all-cash offer for Salix from $158 to $173 and Endo bowed out, leaving Valeant free to close its deal as soon as the beginning of April. (The tender offer is set to "expire at 12:00 midnight, Eastern time, on April 1, 2015 (one minute after 11:59 P.M., Eastern time, on March 31, 2015), unless extended," and don’t you love how lawyers explain the concept […]
