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People & Business :: M&A

Abbott to Acquire Facet Biotech for $450 Million

12:13 AM MST | March 10, 2010 | Deepti Ramesh

Abbott Laboratories (Abbott Park, IL) says it has entered into a definitive agreement with biotechnology company Facet Biotech (Redwood City, CA), to acquire Facet Biotech for $27/share in cash, for a total transaction value of about $450 million. The...

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