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UPDATE 3-Allergan says has been approached by another party about a deal

2014-11-04 07:49:40| Biotech - Topix.net

Botox maker Allergan Inc, fighting a hostile takeover bid by Valeant Pharmaceuticals Inc, said on Monday it was approached about a potential transaction by another party, identified as Actavis Plc by a source familiar with the situation. Valeant and Pershing Square Capital Management, which owns nearly a 10 percent stake in Allergan, made an offer that is now worth $55 billion for Allergan.

Tags: party update deal approached

Category:Biotechnology and Pharmaceuticals

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