Big pharma, M&A, Pharma

Valeant extends the acquisition of Allergan

Posted on 19 August 2014

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Valeant Pharmaceuticals has extended the acquisition period for Allergan.

 Valeant Pharmaceuticals International has extended the expiration of its exchange offer to acquire all of the outstanding shares of Allergan to 5:00 p.m.New York City time, on December 31, 2014.

The exchange offer was previously scheduled to expire at 5:00 p.m.New York City time today, Friday, August 15, 2014.

All other terms and conditions of the exchange offer remain unchanged.

The depositary of the exchange offer has advised that, as of 9:00 a.m.New York City time, on August 15, 2014, a total of approximately 12,509,606 shares of Allergan common stock were validly tendered and not properly withdrawn in the exchange offer.

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