Breakingviews TV: Botox Tuesday

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Breakingviews TV: Botox Tuesday
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AbbVie is buying Botox maker Allergan for $63 billion – a 45% premium. It’s a great deal for the seller’s shareholders, but not much more than an overpriced superficial filler for the buyer, rob_cyran explains.

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AbbVie looks beyond Humira with $63 billion deal for Botox-maker AllerganAbbVie looks beyond Humira with $63 billion deal for Botox-maker AllerganDrugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for a...
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Allergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billionAllergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billionAbbVie expects the acquisition to generate at least $2 billion in pre-tax synergies and cost reductions within three years.
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AbbVie to acquire Botox maker Allergan with $63-billion bidAbbVie to acquire Botox maker Allergan with $63-billion bidAbbVie said it will pay $120.30 in cash and a portion of AbbVie stock for each Allergan share.
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Aging AbbVie turns to ugly $63 bln Botox remedyAging AbbVie turns to ugly $63 bln Botox remedyThe drug maker’s Humira accounts for more than half its sales but may soon face competition. Buying Botox maker Allergan at a 45% premium looks like an excessively expensive and temporary face-lift. AbbVie’s money and time could be better spent on more invigorating targets.
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