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Merz Pharma Drops Out Of Bidding War For Obagi Medical

By Kathryn Brenzel (April 8, 2013, 3:14 PM EDT) -- German drugmaker Merz Pharma Group said Monday it has abandoned its bid for Obagi Medical Products Inc. after Valeant Pharmaceuticals International Inc. upped its offer to about $418 million, ending what amounted to a weeklong bidding war for the California cosmetics company....

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