Valeant Pharma (VRX) in Advanced talks to Sell Salix to Takeda for $10B - DJ

November 1, 2016 3:36 PM EDT

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(Updated - November 1, 2016 3:39 PM EDT)

Valeant Pharma (NYSE: VRX) is in advanced talks to sell Salix to Takeda for $10 billion, according to Dow Jones, citing sources. Another unnamed bidder is said to be circling Salix.

A deal could be reached in the coming weeks.

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