Salix reportedly pursing acquisition, pushed by shareholders

21 January 2015

USA-based gastrointestinal specialist Salix Pharmaceuticals (Nasdaq: SLXP) is reportedly pursuing acquisition by a large drugmaker.

Reuters has reported that the company is working with investment bank Centerview Partners Holdings to explore its options. Shares of the company rose up to 8.3% on the news.

Its sources said that Salix has not formally decided whether it will pursue a sale now or wait until it hires a new chief executive, after Carolyn Logan resigned as CEO earlier this month. From January 30 Tom D’Alonzo, chairman of the board, will be appointed acting chief executive.

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