L'Oreal to buy three skincare brands from Valeant for $1.3 billion

http://feeds.reuters.com/~r/reuters/businessNews/~3/38Qopx6-7vo/us-l-oreal-valeant-idUSKBN14U0O3

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PARIS (Reuters) - French cosmetics group L'Oreal is acquiring three specialized skincare brands - CeraVe, AcneFree and Ambi - from Canada's Valeant Pharmaceuticals International for $1.3 billion in cash to expand into one of the fastest growing areas of the beauty industry.

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