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Abbott Laboratories to buy Alere for $4.4 billion

Abbott Laboratories to buy Alere for $4.4 billion

Friday, April 14, 2017, 3:16 PM

Abbott Laboratories agreed to buy diagnostic-testing company Alere Inc for $4.4 billion, ending a prolonged legal battle over Abbott's plan to buy the company. Abbott will pay $51 per share, a premium of 21 percent to Alere's closing price, but below the earlier $56-per-share price announced in February last year, as Abbot had raised concerns about the accuracy of various representations made by Alere.
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