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Corporate

Nov. 19, 2014

'White knight' to save Allergan from hostile takeover

One of the most complex and contentious hostile takeovers in recent memory came to an end on Monday with the announcement that Actavis Plc would buy Irvine-based Botox maker Allergan Inc. for $66 billion in cash and stock.


By Dominic Fracassa


Daily Journal Staff Writer


One of the most complex and contentious hostile takeovers in recent memory came to an end on Monday with the announcement that Actavis Plc would buy Irvine-based Botox maker Allergan Inc. for $66 billion in cash and stock, shielding the embattled company from a sale to Valeant Pharmaceuticals International Inc.


Legal observers and business analysts following the protracted buyout saga said that Al...

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