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May 3, 2013
By: TOM BRANNA
Editor
• Valeant Pharmaceuticals International Inc. has entered into an agreement to acquire Obagi Medical Products Inc. According to reports, Valeant will acquire all the outstanding common stock of Obagi for $19.75 a share in cash, or $360 million. The professional skin care company was founded by Beverly Hills-based dermatologist Zein Obagi in 1988. The Obagi brand is only available through medical professionals. Dr. Obagi sold his controlling interest to outside investors in 1997. At press time, ...
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