Long Beach-based Obagi Medical Products, the developer of aesthetic medicine products, is being acquired by Valeant Pharmaceuticals, in a deal worth approximately $360M, Obagi said this morning. Obagi said that Valeant has agreed to acquire all of its outstanding common stock for $19.75 per share in cash, a 42 percent premium to Obagi's closing share price on Thursday, March 14th. The firms said the deal is expected to be complete in the second quarter of 2013.
Top NewsWednesday, March 20, 2013
Valeant Pharmaceuticals Buys Obagi Medical For $360M