Abbvie is buying Allergan in a $63 billion pharma mega-deal

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Abbvie is buying Allergan in a $63 billion pharma mega-deal
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The biopharmaceuticals giant and drugmaker are combining to create a leader across immunology, neuroscience, eye care and other medical fields.

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, totaling $188.24 per Allergan share. The offer represents a 45% premium to the closing price of Allergan's shares on June 24, 2019.

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, totaling $188.24 per Allergan share. The offer represents a 45% premium to the closing price of Allergan's shares on June 24, 2019.

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