Valeant and Biovail Announce Valeant's Intention to Declare a Special Dividend of $16.77

Valeant Pharmaceuticals International VRX and Biovail Corporation BVF today announced that Valeant currently anticipates declaring a one-time special cash dividend of $16.77 per share to Valeant stockholders on September 27, 2010 in connection with the previously announced merger transaction between Valeant and Biovail. Valeant anticipates that the record date for the dividend will be the close of business on September 27, 2010, and that the dividend would be funded on such date. Click here to get trading ideas that could bring you a 100% return.