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Description: Valeant Pharmaceuticals scored a knockout punch Monday in the bidding war for Salix Pharmaceuticals Ltd., even though a frenetic M&A race in the pharmaceutical industry forced it to pay more than it originally hoped.

Source: FinancialPost.com

Date: March 16, 2015

Link: http://business.financialpost.com/2015/03/16/valeant-inc-lands-salix-ltd-with-knockout-bid-but-forced-to-pay-more-than-expected/

Questions for discussion:

  • Why are pharma mergers and acquisitions like this one taking place, according to the report?
  • Do you think it is a good deal for both companies?

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