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Salix Pharma scuttles Cosmo Technologies merger
2014-10-03 17:20:28| Biotech - Topix.net
Salix Pharmaceuticals is scrapping its merger with the subsidiary of an Italian drugmaker after the U.S. created new limitations on the tax benefits of incorporating overseas. Shares of the Raleigh, North Carolina, drugmaker jumped almost 6 percent Friday morning before markets opened and after Salix said that a transformed political environment has created more uncertainty about the benefits they had expected to achieve from the deal, first announced in July.
Tags: technologies
merger
pharma
cosmo
Allergan Said to Revive Talks to Buy Salix Pharmaceuticals
2014-09-23 14:20:33| Biotech - Topix.net
Allergan Inc. is in talks to acquire Salix Pharmaceuticals Ltd., reviving discussions that began in July in an effort to fend off a hostile takeover offer from Valeant Pharmaceuticals International Inc., people with knowledge of the matter said. The Botox-maker's talks with Salix went dormant for a few weeks because Salix wanted a higher price than Allergan wanted to pay, said the people, who asked not to be identified discussing private information.
Tags: buy
talks
pharmaceuticals
revive
Allergan Seeks Deal With Salix To Fend Off Valeant: WSJ
2014-08-19 23:17:47| Biotech - Topix.net
Botox maker Allergan Inc has approached Salix Pharmaceuticals Ltd and at least one other company about a potential takeover in a bid to avert the $53 billion hostile takeover from Valeant Pharmaceuticals International Inc, the Wall Street Journal said.
Treasury secretary seeks to prevent foreign deals like Salix merger
2014-07-18 07:08:42| Biotech - Topix.net
The Obama administration came out in sharp opposition to the kind of business merger that Raleigh's Salix Pharmaceuticals announced on July 8 and Treasury Secretary Jacob Lew urged Congress to pass retroactive legislation that could put the deal in jeopardy.
Tags: deals
prevent
foreign
secretary
Salix Pharmaceuticals to Combine with Cosmo Technologies to Form Salix Pharmaceuticals, plc
2014-07-09 02:49:08| Biotech - Topix.net
Salix Pharmaceuticals, Ltd. and Cosmo Pharmaceuticals S.p.A. today announced a definitive merger agreement under which Salix will combine with Cosmo Technologies Limited , a subsidiary of Cosmo.
Tags: form
technologies
combine
plc