InvestorsHub Logo
Replies to #4 on Shire Plc fka SHPG

TheFinalCD

02/13/15 2:32 AM

#5 RE: DewDiligence #4

Not only is Valeant Pharmaceuticals (NYSE:VRX) reportedly prepping a bid for Salix Pharmaceuticals (NASDAQ:SLXP), but Shire (NASDAQ:SHPG) is now rumored to be preparing an offer.
Shire has taken initial steps towards a bid and is evaluating how to secure financing, sources told Reuters.
Yesterday, Valeant Pharmaceuticals (VRX) was reported to be arranging financing for a takeout of Salix at a likely price of more than $150 per share. Including net debt, Salix is valued at almost $11B.
Previously: Valeant close to a bid for Salix (Feb. 12 2015)
SLXP +1.2% premarket
http://seekingalpha.com/news/2297376-shire-now-on-the-hunt-for-salix#