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Abbott agrees to buy Alere at lower price from earlier offer

Abbott agrees to buy Alere at lower price from earlier offer

Friday, April 14, 2017, 7:50 PM

Diversified healthcare company Abbott Laboratories on Friday agreed to buy Alere Inc at a lower price than it had previously offered, ending a prolonged legal battle over the company's plan to acquire the diagnostic-testing company. Abbott's revised offer values Alere's equity around $5.3 billion, down from the about $5.8 billion value announced in February last year, the companies said in a statement.
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