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Actavis becomes white knight for Allergan; buys firm for $65bn

Executive Summary

After battling Valeant Pharmaceuticals International Inc. for nearly seven months, Allergan Inc. (specialty pharmaceuticals and aesthetic devices) found another buyer willing to pay more: Actavis PLC will spend $65 billion, or $219.54 per share ($129.22 in cash and 0.3683 in Actavis shares; a 75% premium to Allergan’s ten-day average prior to the initial Valeant announcement). Valeant stated it is reviewing the Allergan/Actavis agreement to determine its next course of action, but cannot justify paying more than $219 per share.
Deal Industry
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
      • Site Specific
    • OTC, Consumer
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Contract
    • Payment Includes Stock

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