NEW YORK --
said Monday it agreed to buy dermatology products maker
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.
is expected by analysts Tuesday to post fiscal fourth-quarter earnings of 39 cents a share on revenue of $1.59 billion.
Automakers such as
report monthly sales results for August on Tuesday.
is expected by analysts to post fiscal first-quarter profit of 45 cents a share on revenue of $3.16 billion.
United States Steel
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
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