Abbott agrees to buy Alere at lower price

Posted online April 14, 2017 | 11:38 am

Abbott Laboratories agreed to buy Alere at a lower price following a legal battle over the deal.

The new transaction values Alere's equity at $5.3 billion, which is 8.6 percent less than the initial offer.

Abbott sued to break up the $5.8 billion takeover after arguing Alere hid material information about legal and regulatory problems, including bribery investigations.

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