Valeant Pharmaceuticals Buyback
OLI recorded this information on 11/20/2014
Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) announced today that its Board of Directors has authorized a new securities repurchase program (the "Securities Repurchase Program"). Under the Securities Repurchase Program, which will commence on November 21, 2014, the Company may make purchases of up to US$2 billion of its senior notes, common shares and/or other securities prior to the completion of the program. The Securities Repurchase Program will replace the Company's current securities repurchase program that will expire on November 21, 2014.
Valeant Pharmaceuticals International is a pharmaceutical and medical device company that develops, manufactures, and markets a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices). Co. has two operating and reportable segments: Developed Markets, which focuses in dermatology, neurology, gastrointestinal disorders, and eye health therapeutic; and Emerging Markets, which focuses primarily on branded generics, OTC products, and medical devices.
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Hold (2.46 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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