Valeant, Zoetis Shares in the Dog House on Takeout Speculation

Valeant is at it again. Citing “people familiar with the matter,” The Wall Street Journal reports today that Valeant Pharmaceuticals International (VRX) has made a preliminary offer to animal health company Zoetis (ZTS). J.P. Morgan analyst Chris Schott offered his thoughts on the potential pairing, which despite minimal accretion would “create a company well positioned [...]