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Valeant Pharmaceuticals raised its hostile bid for fellow drugmaker Allergan Wednesday morning as the campaign increasingly turned into a debate about Valeant’s own business model. Investors seemed unimpressed as Valeant’s stock fell 2.3% to 126.95 while Allergan’s slid 5.4% to 156.12. Valeant (VRX) added $10 a share in cash to last month’s original offer of $48.30 plus 0.83 of a Valeant share for each Allergan (AGN) share, coming to a total of Scalper1 News
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