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Flushing the quarry

2 May 2011 By Robert Cyran

The drugmaker hoped to snaffle up rival Cephalon in weeks with a proxy fight. Valeant made it clear it attached little value to the target’s pipeline and wouldn’t get in a bidding war. That left plenty of room for white knight Teva to swoop in for Cephalon with a $6.8 bln offer.

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