AbbVie expects the acquisition to generate at least $2 billion in pre-tax synergies and cost reductions within three years.
Shares of Allergan surged more than 30% in early trading on Tuesday after AbbVie agreed to acquire the drugmaker for $63 billion. AbbVie's bid of $188 a share in cash and stock represents a 45% premium from Allergan's closing price on Monday. The acquisition will give AbbVie access to Allergan's portfolio of profitable beauty drugs, including Botox. Watch Allergan trade live.
Shares of Allergan surged more than 30% in early trading on Tuesday after AbbVie agreed to acquire the drugmaker for $63 billion. AbbVie's bid of $188 a share in cash and stock represents a 45% premium from Allergan's closing price on Monday. The acquisition will give AbbVie access to Allergan's portfolio of profitable beauty drugs, including Botox. Watch Allergan trade live.
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AbbVie confirms deal to buy Allergan for 45% premium, valuing Allergan at $61.7 billionAbbVie Inc. confirmed Tuesday a deal to buy pharmaceutical company Allergan PLC , in a deal with equity value of $63 billion. Allergan's stock soared 30% in...
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Abbvie is buying Allergan in a $63 billion pharma mega-dealThe biopharmaceuticals giant and drugmaker are combining to create a leader across immunology, neuroscience, eye care and other medical fields.
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