Allergan Inc is near making a friendly deal with Actavis Plc, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The boards of the two companies are expected to meet to review a cash-and-stock deal, and an agreement could be announced as early as Monday, according to the report.
Shares of ACT traded higher by 0.89% or $2.14/share to $243.77. In the past year, the shares have traded as low as $156.40 and as high as $254.41. On average, 2179940 shares of ACT exchange hands on a given day and today's volume is recorded at 1836539.
Allergan, Inc. is a multi-specialty health care Company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. Shares of AGN traded higher by 1.24% or $2.44/share to $198.65. In the past year, the shares have traded as low as $94.98 and as high as $200.99. On average, 2296180 shares of AGN exchange hands on a given day and today's volume is recorded at 1430786.
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