Allergan on Tuesday confirmed that it has received an unsolicited proposal from Valeant Pharmaceuticals to acquire all of the outstanding shares of the company for a combination of 0.83 of Valeant common shares and $48.30 in cash per share of common stock of Allergan.
Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales — which exclude automobiles, gas stations and restaurants — increased 0.8% adjusted month-to-month and 1.6% unadjusted year-over-year.
Total U.S. retail sales during 2013 reportedly reached $4.5 trillion, a 4.2% increase from $4.4 billion in 2012. According to new data from EMarketer, e-commerce sales of $263.3 billion, up 16.9% from $225.3 billion the prior year, helped drive overall retail sales growth.