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Afexa

Written by Stephen Smith
August 31, 2011

Valeant Trumps Paladin In Afexa Takeover Bid

Valeant Pharmaceuticals International has agreed to acquire fellow Canadian firm Afexa Life Sciences for 76 million Canadian Dollars in cash, a figure that comfortably tops an offer made by Paladin Labs, who are also based in Canada. Over the summer, Paladin, which owns almost 15% of Afexa, had offered C$0.55 per share for the stock

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