Endo International Plc said it would withdraw its cash-and-stock offer to acquire Salix Pharmaceuticals Ltd after Valeant Pharmaceuticals International Inc increased its bid for the bowel drug maker. Salix has agreed to Valeant's raised cash offer of $173 per share, Valeant and Salix said earlier on Monday.
Shares of ENDP traded higher by 2.89% or $2.52/share to $89.85. In the past year, the shares have traded as low as $53.62 and as high as $92.80. On average, 3025840 shares of ENDP exchange hands on a given day and today's volume is recorded at 1004010.
Shares of ENL fell by 0.81% or $-0.92/share to $112.00. In the past year, the shares have traded as low as $59.50 and as high as $116.00. On average, 903 shares of ENL.TO exchange hands on a given day and today's volume is recorded at 366.
Salix Pharmaceuticals, Ltd. is a specialty pharmaceutical company engaged in the prevention and treatment of gastrointestinal (GI) disorders. Shares of SLXP traded higher by 1.94% or $3.29/share to $172.69. In the past year, the shares have traded as low as $86.00 and as high as $172.98. On average, 3091960 shares of SLXP exchange hands on a given day and today's volume is recorded at 4962886.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX traded higher by 2.86% or $5.65/share to $203.08. In the past year, the shares have traded as low as $106.00 and as high as $206.84. On average, 3111320 shares of VRX exchange hands on a given day and today's volume is recorded at 816861.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX traded higher by 2.83% or $7.15/share to $259.44. In the past year, the shares have traded as low as $116.01 and as high as $263.91. On average, 417685 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 113194.
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