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Obagi, Valeant Raise Price As Bidding War Breaks Out

socalTECH

Long Beach-based aesthetic medicine developer Obagi Medical Products , and would-be acquirer Valeant Pharmaceuticals , which is based in Aliso Viejo, said this morning that Valeant has raised its offer to acquire Obagi to $24.00 per share in cash. The move comes a day after Obagi said it received an unsolicited bid of $22.00

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Valeant Pharmaceuticals Buys Obagi Medical For $360M

socalTECH

Long Beach-based Obagi Medical Products , the developer of aesthetic medicine products, is being acquired by Valeant Pharmaceuticals , in a deal worth approximately $360M, Obagi said this morning. per share in cash, a 42 percent premium to Obagi's closing share price on Thursday, March 14th. READ MORE>>.

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Apriso Targets Global Manufacturers

socalTECH

Long Beach-based Apriso , the developer of software for managing manufacturing operations, said this week that it has debuted a new product. Pricing on the new product was not announced. The new product is aimed at global manufacturers, the company said, to provide them better visibility into their plant floor.

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How FreeConferenceCall.com Made Audio Conferencing Free

socalTECH

FreeConferenceCall.com is a Long Beach company which was founded by David Erickson. You are seeing revenues coming down, even though traffic is growing considerably, so as things get tighter and pricing comes down, it''s much more difficult to enter this market. Conference calling is still growing. We''re already seeing that.