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General News

Feb. 24, 2017

Cooley advises Zeltiq Aesthetics in its $2.5B sale to Botox developer

Allergan said adding Zeltiq's flagship CoolSculpting System, designed to reduce fat and help people look slimmer, enhances its medical aesthetics portfolio.

Cooley advised Zeltiq Aesthetics Inc., a medical device company that develops and commercializes products with its controlled-cooling technology platform, in its $2.475 billion sale to Allergan PLC. The deal was announced Monday.

Debevoise & Plimpton LLP advised Allergan, a global biopharmaceutical company known for making products like Botox. Allergan said it would pay $56.50 per Zeltiq share. Zeltiq's cooling technology is designed to reduce fat and help people look slimmer.

Al...

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