Actavis completes $70.5B Allergan acquisition

Actavis has completed the acquisition of Allergan in a cash-and-equity transaction valued at approximately $70.5 billion. 

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The combined company has annual pro forma revenues of more than $23 billion anticipated in 2015. Additionally, it intends to invest approximately $1.7 billion in research and development in 2015.

“The combination of Actavis and Allergan creates an exceptional global pharmaceutical company and a leader in a new industry model — Growth Pharma,” said Brent Saunders, CEO and president of Actavis.

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