Sterne Agee Downgrades Salix Pharmaceuticals (SLXP) to Neutral

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Shire Preparing Bid for Salix Pharma - Reuters (SHPG) (SLXP) (VRX)

February 13, 2015 6:40 AM EST

Following on the heals of a Bloomberg article yesterday that said Valeant Pharma (NYSE: VRX) secured financing for a Salix Pharma (NASDAQ: SLXP) bid, Reuters sources said Shire (NASDAQ: SHPG) is working with advisers on a potential offer and is evaluating how to secure financing.

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UPDATE: Valeant Pharma (VRX) Secures Financing for Salix (SLXP) Offer - Bloomberg

February 12, 2015 1:37 PM EST

(Updated - February 12, 2015 1:45 PM EST)

(Updated - February 12, 2015 1:39 PM EST)

Valeant Pharma (NYSE: VRX) secured financing for a Salix (Nasdaq: SLXP) offer that is said to be over $150 per share, according to... More