Cantor Fitzgerald Maintains a 'Hold' on Medicis (MRX); Acquisition Rewarding Patient Investors

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Credit Suisse Upgrades Medicis (MRX) to Neutral

September 4, 2012 7:00 AM EDT

Credit Suisse upgraded Medicis (NYSE: MRX) from Underperform to Neutral after the buyout of the company.

For an analyst ratings summary and ratings history on Medicis click here. For more ratings news on Medicis click here.

Shares of Medicis closed at $31.56 yesterday, with a 52 week range of $29.76-$40.10.... More

Valeant (VRX) to Acquire Medicis (MRX) to $44/Share; Deal Valued at $2.6B

September 4, 2012 6:29 AM EDT

Valeant Pharmaceuticals International, Inc. (NYSE: VRX: VRX) and Medicis Pharmaceutical Corporation (NYSE: MRX) entered into a definitive agreement under which Valeant will acquire all of the outstanding common stock of Medicis for $44.00 per share in cash.

The transaction, which values Medicis' common stock at approximately $2.6 billion, was unanimously approved by the Boards of Directors of both... More