Monday, January 12, 2015

Allergan, Actavis See Early Termination of Antitrust Waiting Period

Irvine-based Allergan and Actavis plc said this morning that the two have received an early termination of the waiting period under the Hart-Scott-Rodino Antitrust act. The two agreed in November to a $66 billion takeover bid by Actavis. The two companies said that it still needs shareholder and other regulatory approval on the deal. Actavis plc is based in Dublin, Ireland. Very few local Alleran executives are expected to gain a new role at Actavis.

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