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Will David Tepper Be Happy about the AbbVie-Allergan Deal?

Anuradha Garg
Will David Tepper Be Happy about the AbbVie-Allergan Deal?

On June 25, AbbVie (ABBV) announced that it plans to buy Allergan (AGN) for ~$63 billion. At 10:20 AM ET, Allergan stock rose 27%, while AbbVie stock fell 15%.