Bloomberg is reporting that Actavis plc (NYSE:ACT) is in talks to acquire Allergan, Inc. (NYSE:AGN) for a price north of $200 per share. Allergan is said to want over $210 per share while Actavis is said to currently be willing to pay just over $200 per share, approximately a $3 billion gap in valuation, according to the report. On November 7, when ValueWalk reported that Allergan was open to talks with Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) and other activists, we reported: “Insiders have indicated to ValueWalk that Allergan would get the deal done for north of $200 per share, with…
Allergan Entertaining Offer From Actavis Over $200 Per Share
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.