Allergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billion (AGN, ABBV)

Shares of Allergan surged more than 30% in early trading on Tuesday after AbbVie agreed to acquire the drugmaker for $63 billion. AbbVie’s bid of $188 a share in cash and stock represents a 45% premium from Allergan’s closing price on Monday. The acquisition will give AbbVie access to Allergan’s portfolio of profitable beauty drugs, including Botox. Watch Allergan trade live.

Botox-maker Allergan jumped as much as 30% before the opening bell

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