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12:00 AM
 | 
Apr 04, 2011
 |  BC Week In Review  |  Company News  |  Deals

Cephalon, Valeant Pharmaceuticals deal

Valeant made public an unsolicited offer to acquire cancer and neurology company Cephalon for $73 per share in cash, or about $5.7 billion. The price is a 24% premium to Cephalon's close of $58.75 on March 29, before the deal was announced. Valeant also said it will seek to replace Cephalon's board of directors with its own nominees. Valeant said...

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