When big business deals are going down the economy is in good shape. Carry on bulls!
On Monday, November 17, 2014 Alelrgan agreed to be acquired for $66 billion by Actavis. Allergan had resisted any sort of buy out for much of the year, but viewed the purchase by Actavis as the lesser of two evils.
— The Deal (@TheDealNewsroom) November 17, 2014
If the deal goes through as planned, It would be the third-largest health care deal ever in the United States!
Actavis to Acquire Allergan to Create Top 10 Global Growth Pharmaceutical Company with $23 Billion in Revenue: http://t.co/7xWroTjaF5
— Allergan plc (@Allergan) November 17, 2014
Read an in-depth article on the Allergan buyout here: http://dealbook.nytimes.com/2014/11/17/allergan-agrees-to-be-sold-to-actavis/