BUZZ-Allergan Inc: Actavis to acquire company in $66 bln deal

Mon Nov 17, 2014 10:21am EST
 
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** Botox maker's shares up 7.2 pct at $213 after company agrees to be bought by Actavis Plc

** Activis up 3.9 pct at $253.25, Valeant Pharmaceutical International Inc U.S. shares up 1.1 pct at $133.12 after it says it's giving up its months-long pursuit of Allergan

** Transaction valued at $66 bln, or $219/share in cash and Actavis shares, over $12 billion more than hostile bid by Valeant and activist investor William Ackman