Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue May 2015
 •  Palmers Casts Hewitt for Fall Campaign  •  UPDATE: P&G Sells Frédéric Fekkai  •  Novex Expands With Curls Collection  •  Net-A-Porter Picks Up Goldfaden MD  •  Spectrum Buys Armor All
Print

Valeant To Acquire Obagi



Published March 26, 2013
Related Searches: products brand quarter share
Post a comment
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 founded by Beverly Hills-based dermatologist Zein Obagi. The Obagi brand, founded in 1988 with the creation of the Obagi Nu-Derm System, is only available through medical professionals. Dr. Obagi sold his controlling interest to outside investors in 1997


At press time, the Obagi board approved the offer, and both companies expect the transaction to be completed in the second quarter of 2013.




blog comments powered by Disqus