![Valeant completes Salix acquisition](https://www.benefitscanada.com/wp-content/uploads/sites/7/2010/12/deal-meger-aquisition-hands-envelope.jpg)
Valeant Pharmaceuticals International has completed the previously announced acquisition of Salix Pharmaceuticals.
The Laval, Que.-based company paid about US$11.1 billion or $173 a share for Salix.
Salix is a specialty pharmaceutical company that offers gastroenterology treatments.
As a result of the deal, Salix will become a wholly owned subsidiary of Valeant.
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