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Home » Uncategorized » It looks like a key Valeant deal might be falling apart, and now the stock is tanking

It looks like a key Valeant deal might be falling apart, and now the stock is tanking

(13 Views) November 30, 2016 3:35 pm | Published by | No comment

joe papa

Reuters

Valeant CEO Joe Papa

Valeant’s stock is tanking after Dow Jones reported that talks to sell its Salix unit to Takeda have broken down.

Valeant’s stock fell as much as 6% this morning.

The embattled pharma company had been in talks to sell the unit to Japan’s Takeda for $ 10 billion.

The stock jumped up the stock 30% on the news.

This is a developing story. More to follow.

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The post It looks like a key Valeant deal might be falling apart, and now the stock is tanking appeared first on Business Insider.

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