Valeant (VRX) - The Asset Seller That Cried "Wolf"
11/21/2016 8:03:08 AM
Valeant is the asset seller that cried "wolf."
Every couple of weeks, it seems, a new Valeant Pharmaceuticals International Inc. asset is reported to be up for sale as the company seeks to pay down some of its $30 billion in debt. Earlier in the month, Takeda Pharmaceutical Co. Ltd. was said to be considering a $10 billion deal for Salix, the gut drugmaker Valeant acquired last year. On Friday, Bloomberg reported that as many as three companies are weighing $2 billion bids for Valeant's eye-surgery division.
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