Actavis in talks to buy Allergan for at least $60 bln - Bloomberg

Wed Nov 12, 2014 10:24am EST
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Nov 12 (Reuters) - Actavis Plc is in talks to buy Allergan Inc for at least $60 billion in a deal that could culminate this month, Bloomberg reported, citing sources familiar with the matter.

The two companies are trying to narrow a gap of about $3 billion between what Actavis wants to pay and what Allergan is asking for, Bloomberg reported. (

Allergan, which is trying to fend off a hostile takeover bid from Canadian drugmaker Valeant Pharmaceuticals International Inc, on Wednesday changed its bylaws associated with calling a special shareholder meeting. (Reporting by Natalie Grover in Bangalore; Editing by Saumyadeb Chakrabarty)