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Stocks to Watch: Medicis, Campbell Soup

NEW YORK -- Valeant Pharmaceuticals (VRX - Get Report) 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 - Get Report) 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 - Get Report) 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 This material may not be published, broadcast, rewritten, or redistributed.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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SYM TRADE IT LAST %CHG
MRX $0.00 0.00%
SFD $0.00 0.00%
CPB $45.81 0.00%
GM $35.59 0.00%
VRX $210.42 0.00%

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