Allergan looking to buy Salix Pharma to prices itself beyond Valeants reach

Allergan is a cash rich company that is determined not to let Valeant buy them with their own balance sheet. So its time to spend some of that money that attracted Valeant's unwanted attention.

Allergan Inc. has approached Salix Pharmaceuticals Ltd. and at least one other company about a potential acquisition, as the Botox maker seeks to fend off a $53 billion hostile takeover from Valeant Pharmaceuticals International Inc., according to people familiar with the matter.

It isn't clear where any talks with Salix stand, but one of the people said Allergan could strike a takeover deal with the company and is also working on a back-up.

http://online.wsj.com/articles/allergan-has-approached-salix-pharmaceuticals-about-acquisition-1408467996

 

Looks like this is dormant

 

Salix CEO has been very quite since the news of a possible buyout. Makes you think they are working out some numbers.

 

And when it's announced Mikey's twinkies will hit the fan. It won't be pretty.

 

Salix cafepharma board claims deal has been done and will be announced end of this week/early next week!

 

Oh wow! Good for you. CafePharma also said it would be announced 9/2! 9/2 of which year?

 

Now looks like Jazz Pharmaceuticals is a more likely target for Allergan's defensive acquisition: http://www.theflyonthewall.com/permalinks/entry.php/JAZZ;AGN;SLXPid2065360/JAZZ;AGN;SLXP-Jazz-looks-more-attractive-for-Allergan-than-Salix-says-Wells-Fargo

 

Allergan's buying both Salix & Jazz.