November 6, 2014 / 3:23 PM / in 3 years

BUZZ-Allergan Inc: In talks for potential merger

** Botox maker’s shares up 1.8 pct at $199.89

** Stock rises as much as 2.4 pct to record high of $200.95

** Company says it is in talks with another party for potential merger (1.usa.gov/1tDOqcj)

** Source familiar with situation identified party as Actavis Inc, just days after Allergan disclosed that it had been approached

** Allergan is fighting $54 billion hostile takeover by Valeant Pharmaceuticals International and Pershing Square Capital Management

** Actavis’s shares up 1.8 pct at $252.28, while Valeant’s U.S.-listed shares down 1.1 pct at $130.49

** Up to Wednesday’s close, Allergan’s stock had risen 77 pct this year

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below