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Valeant Pharmaceuticals and Biovail agree to merge, creating a leader in specialty pharmaceuticals. The combination will result in $175 million in annual cost synergies and combined operating cash flow of $575 million on a trailing 12-month basis. The merger is expected to be accretive to stockholders of both companies in the first 12 months. The combined company will have a strong balance sheet and the ability to support future growth through strong cash flow.
Valeant Pharmaceuticals (VLNT) and Biovail (BIV) have announced a merger, creating a new leader in specialty pharmaceuticals. The combined company aims to leverage synergies and strong cash flows to drive future growth. The merger is expected to be accretive to stockholders of both companies within the first 12 months.
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