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Stocks to Watch: Medicis, Campbell Soup

Stocks in this article: VRXMRXCPBGMSFDX

NEW YORK -- Valeant Pharmaceuticals (VRX) said Monday it agreed to buy dermatology products maker Medicis Pharmaceutical (MRX) for about $2.6 billion in cash.

Canada's Valeant will pay $44 a share for Medicis, which represents a 39% premium over Medicis' closing price Friday of $31.87.

The companies expect the merger to close early next year.


Campbell Soup (CPB) is expected by analysts Tuesday to post fiscal fourth-quarter earnings of 39 cents a share on revenue of $1.59 billion.

The New and Improved Campbell Soup Co.: Opinion


Automakers such as General Motors (GM) and Ford (F) report monthly sales results for August on Tuesday.


Pork processor Smithfield Foods (SFD) is expected by analysts to post fiscal first-quarter profit of 45 cents a share on revenue of $3.16 billion.

4 Biggest Earnings Reports You Must Watch Next Week


United States Steel (X) and the United Steelworkers announced a tentative agreement Sunday on a three-year contract covering more than 16,000 workers at domestic facilities.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2012 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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