Seeking Alpha

Valeant plans to sweeten bid for Allergan

  • Valeant (VRX) intends to its improve its $45.7B offer for Allergan (AGN) based of feedback that the Canadian company hopes to receive from Allergan shareholders during a Webcast about the deal on May 28.
  • "We are prepared to pay a full and fair price, but, consistent with our track record, we will remain financially disciplined," Valeant said.
  • The firm's comments come after Allergan formally rejected Valeant's proposal yesterday.
  • Allergan's shares are +1.9% premarket. (PR)
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