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Stock Market & Financial Investment News

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July 9, 2014
07:46 EDTSLXPSalix tax inversion deal disappointing, says UBS
UBS said the tax inversion deal between Salix and Cosmo is disappointing as the acquisition is dilutive for 2015 and only modestly accretive over the next couple of years. With the benefits years away, the firm will wait until after the analyst meeting to revisit its forecasts for Salix, which is currently Neutral-rated with a $123 price target.
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