Allergan seeks deal with Salix to fend off Valeant: WSJ

[riky]

Allergan seeks deal with Salix to fend off Valeant: WSJ

<p><a href="http://news.yahoo.com/allergan-seeks-deal-salix-fend-off-valeant-wsj-180722684--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/eTQW16AmOoIFfv40Us8YNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-19T180722Z_1006950001_LYNXMPEA7I0RU_RTROPTP_2_CBUSINESS-US-ALLERGAN-VALEANT-SALIX-PHARM.JPG" width="130" height="86" alt="Allergan CEO Pyott speaks during an interview in New York" align="left" title="Allergan CEO Pyott speaks during an interview in New York" border="0" /></a>(Reuters) - Botox maker Allergan Inc has approached Salix Pharmaceuticals Ltd and at least one other company about a potential takeover in a bid to avert the $53 billion hostile takeover from Valeant Pharmaceuticals International Inc, the Wall Street Journal said. Allergan and Salix declined to comment on the matter. Shares of Salix, which itself is in the process of merging with a unit of Swiss-listed Cosmo Pharmaceuticals, jumped about 10 percent on Tuesday. It isn't clear where any talks with Salix stand, but one of the sources said Allergan could strike a takeover deal with the company or another unknown party as early as next month, Journal said.</p><br clear="all"/>

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