Valeant Pharmaceuticals International and Obagi Medical Products, Inc. Agree on an Increased Offer Price of $24.00 Per Share in Cash

Published: Apr 03, 2013

MONTREAL, April 3, 2013 /CNW/ - Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) today announced that Valeant and Obagi Medical Products, Inc. (NASDAQ: OMPI) have executed an amendment to their Agreement and Plan of Merger, dated March 19, 2013. Pursuant to the amendment, Valeant increased its offer to acquire Obagi from $19.75 to $24.00 per share in cash.

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