Breaking: Unconfirmed leak that Valeant will sell SalixHere is the source.Price: $9.3 billion, down from $10.8 billion.In light of Google, Facebook, and other cracking down on fake news site, take this information for what it is worth. Valeant selling the slow-growing unit to cut its debt is of strategic importance. Valeant paid $11 billion for the company. The deal closed on April 2015. Since then, debt rose but revenue did not.Expectations: if this rumor is true, expect a formal announcement by Monday. This is welcoming news. Valeant has higher priorities, which is primarily growing the B+L unit.TakeawayValeant is getting a lower sale price from Takeda, but gets cash upfront. This will clear VRX's bank debt immediately and applied to the covenants. This will cut interest debt costs and SG&A on Salix. Estimate a negative FCF of negative $200M quarterly. The upcoming sales of Brodalumab/Vesneo will add to FCF. Previously: Valeant a $59 Stock?Hold Valeant