FTC Review Ongoing As Teva/Allergan Await Final Approval
Executive Summary
Analysts had been expecting Teva's acquisition of Allergan's generics business to close at the end of June; Teva insists the acquisition is still going to plan.
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Allergan's UK Generics Business Up For Sale Under EC Merger Condition
The European Commission has approved the proposed $40.5bn acquisition of the generics business of Allergan (the company formerly known as Actavis) by Teva, subject to a number of significant conditions, including the divestment of the majority of Allergan Generics' business in the UK and Ireland.