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Allergan Gets Bought For $63 Billion

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Allergan Gets Bought For $63 Billion

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Entertainment (now)

2 Views • Jul 12, 2019

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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.

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