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DewDiligence

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DewDiligence

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Re: WorstLuck post# 210618

Friday, 04/14/2017 12:37:16 PM

Friday, April 14, 2017 12:37:16 PM

Post# of 252279
ABT/ALR joint PR on new buyout deal @$51/sh:

http://abbott.mediaroom.com/2017-04-14-Abbott-and-Alere-Amend-Terms-of-Merger-Agreement

The $51 amended buyout price is 9% less than the original buyout price of $56, but it’s still a 38% premium to ALR’s closing price on 1/29/15—the last trading before the announcement of the original deal on 2/1/16 (#msg-120217001). The nominal deal value is $5.3B. The merger is expected to close late in 3Q17.

“The efficient-market hypothesis may be
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