Breakingviews TV: Botox Tuesday

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AbbVie is buying Botox maker Allergan for $63 billion – a 45% premium. It’s a great deal for the seller’s shareholders, but not much more than an overpriced superficial filler for the buyer, rob_cyran explains.

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AbbVie looks beyond Humira with $63 billion deal for Botox-maker AllerganDrugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for a... Mental price. Allergan are in a terrible state. Drugs, solving all of America's problems.
Source: Reuters - 🏆 2. / 97 Read more »

Allergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billionAbbVie expects the acquisition to generate at least $2 billion in pre-tax synergies and cost reductions within three years.
Source: BusinessInsider - 🏆 729. / 51 Read more »

AbbVie to acquire Botox maker Allergan with $63-billion bidAbbVie said it will pay $120.30 in cash and a portion of AbbVie stock for each Allergan share. No one has $63 billion dollars in Cash. And I am out. ✌️ These greedy billionaires throwing it around like confetti and the veterans that fight for the country's freedom come home and get almost zero help ... Money isn't the root of all evil .... The LOVE of money is . 63 billion is more than most Countries own . FFS.
Source: latimes - 🏆 11. / 82 Read more »

Aging AbbVie turns to ugly $63 bln Botox remedyThe drug maker’s Humira accounts for more than half its sales but may soon face competition. Buying Botox maker Allergan at a 45% premium looks like an excessively expensive and temporary face-lift. AbbVie’s money and time could be better spent on more invigorating targets.
Source: Breakingviews - 🏆 470. / 51 Read more »

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Source: InStyle - 🏆 103. / 63 Read more »