Merger of drugmakers Valeant, Actavis on hold -source

April 27 Sat Apr 27, 2013 4:16pm EDT

April 27 (Reuters) - Talks are on hold to merge drugmakers Valeant Pharmaceuticals International Inc and Actavis Inc in a deal that would have created a healthcare giant, a person familiar with the situation told Reuters on Saturday.

A Valeant spokeswoman and an Actavis spokesman could not be immediately reached for comment outside of business hours.