Arab Today, arab today actavis to buy us botoxmaker allergan for 66bn
Last Updated : GMT 00:47:20
Arab Today, arab today
Arab Today, arab today

Actavis to buy US Botox-maker Allergan for $66bn

Arab Today, arab today

Arab Today, arab today Actavis to buy US Botox-maker Allergan for $66bn

Botox-maker Allergan
New York - AFP

Actavis plans to acquire Botox-maker Allergan for $66 billion to create one of the top 10 global pharmaceutical companies by sales, the companies announced Monday.
The combination creates a heavyweight in opthalmology, neurosciences and medical aesthetics and puts an end to an aggressive rival bid for  Allergan from Canada's Valeant Pharmaceuticals International.
The companies said the deal would result in $1.8 billion in annual cost savings, improved marketing success by combining sales forces and expanded reach into key growth markets in Asia and Latin America.
"We will establish an unrivaled foundation for long-term growth, anchored by leading, world-class blockbuster franchises and a premier late-stage pipeline that will accelerate our commitment to build an exceptional, sustainable portfolio," said Brent Saunders, chief executive of Actavis.
Actavis will pay $219 per share for Allergan in a mix of cash and Actavis shares, with the deal totalling approximately $66 billion. Actavis is headquartered in Dublin and has administrative headquarters in the US in the state of New Jersey.
Meanwhile rival bidder Valeant announced it would not raise its bid. Valeant has pursued Allergan since April, but was repeatedly met with refusals to enter negotiations.
Three weeks ago, Valeant floated raising its bid by $10 billion to $60 billion by offering "at least $200 a share" for the US company.
Monday's transaction is subject to shareholder votes by both Actavis and Allergan. The companies expect the deal to close in the second quarter of 2015.
In early trade, Allergan shares jumped 6.7 percent to $211.86, Actavis rose 3.4 percent to $252.01 and Valeant advanced 0.3 percent to $134.61.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today actavis to buy us botoxmaker allergan for 66bn Arab Today, arab today actavis to buy us botoxmaker allergan for 66bn

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday