Stocks to Watch: Medicis, Campbell Soup

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

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