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Home » Allergan, Kythera amend acquisition

Allergan, Kythera amend acquisition

August 6, 2015
CenterWatch Staff

Allergan and Kythera Biopharmaceuticals have amended and restated their merger agreement. Allergan’s pending acquisition of Kythera now will be an all-cash consideration.

The structure of their previously announced transaction was for $75 per share to be paid to Kythera stockholders in an 80% cash and 20% stock transaction. The other terms of the amended and restated agreement are substantially similar to those in the original agreement.

Allergan and Kythera anticipate that the all-cash transaction provided for under the amended and restated agreement can be completed more quickly than the cash and stock transaction provided for under the terms of the original agreement.

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