March 16 was an active Merger Monday with a few large deals announced. Salix Pharmaceuticals Ltd. announced that it accepted an $11.1 billion takeover offer from Valeant Pharmaceuticals International Inc., leading rival bidder Endo International plc to withdraw its $175 per share offer. One of the largest LBOs of the year was announced today, with private equity firm Leonard Green & Partners L.P. and TPG entering into a deal with Life Time Fitness Inc. to take the gym operator private in a $4 billion transaction. In chemicals, A. Schulman Inc. announced its acquisition of Citadel Plastics Holdings Inc. for $800 million.
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