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$66 billion deal shuts the door on Valeant-Ackman bid for Botox maker.
November 18, 2014
By: Christine Esposito
Editor-in-Chief
It is Actavis plc—not Bill Ackman and Valeant Pharmaceutical—that will buy Allergan, the company behind Botox. The Dublin, Ireland and Parsippany, NJ-based pharma company and Allergan, Inc. announced a definitive agreement under which Actavis will acquire Allergan in a deal valued at approximately $66 billion. The combination will create one of the top 10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than $23 billion anticipated in 2015. ...
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