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Abbvie Buys Allergan For $63 Billion

Video Credit: Wochit - Duration: 00:33s - Published < > Embed
Abbvie Buys Allergan For $63 Billion

Abbvie Buys Allergan For $63 Billion

AbbVie has agreed to buy Allergan in a $63 billion cash-and-stock deal.

Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each Allergan share that they hold.

That totals $188.24 per Allergan share.

The offer represents a 45% premium to the closing price of Allergan's shares on Wednesday.


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