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Valeant Pharma (VRX): Salix Sale Resolves Nothing - Mizuho

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Valeant (VRX) Would Not Be Selling Core Assets if All Was Well - Wells Fargo's Maris

November 2, 2016 10:23 AM EDT

Wells Fargo analyst David Maris weighed in on Valeant Pharmaceuticals (NYSE: VRX) following reports it may be close to a deal to divest Salix for approximately $10 billion. VRX issued a statement that it is in discussions with third parties for various divestitures including but not limited to Salix. Maris said selling Salix is like selling the stove to keep the restaurant.

"This is... More