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High Wind Warning for WNY & High Wind Advisory for Counties East

A High Wind Warning is in effect for Monroe, Wyoming, Genesee and Orleans Counties through 4 PM Dec. 25th Thursday. Southwest winds of 30-45 mph may gust up to 65 mph.

A High Wind Advisory is in effect for Wayne, Northern Cayuga, Oswego and Lewis Counties from 1 AM Thursday to 7 PM Thursday. Southwest winds 20-30 mph but may gust up to 50 mph.

 

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

B&L parent making bid for Botox maker

New York (AP) -- Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion.

Each Allergan share would be exchanged for $48.30 in cash and 0.83 shares of Valeant Pharmaceuticals International Inc. common stock. Shareholders can choose a mix of cash and stock.

Allergan Inc. stockholders will own 43 percent of the combined company.

Ackman's Pershing Square Capital Management LP -- Allergan's biggest stockholder at 9.7 percent -- has agreed to take only stock in the transaction.

Valeant is one of Canada's largest pharmaceutical companies. Allergan is based in Irvine, Calif.

Allergan's shares jumped more than 20 percent in premarket trading. Valeant's stock rose more than 9 percent.

 

 

 
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