Allergan Extends Inamed Offer
According to the offer, Allergan will give Inamed shareholders the choice of either $84 in cash or 0.8498 of an Allergan share. Shares of Allergan were trading 82 cents lower at $112.16 Monday. Inamed shares dipped 33 cents to $89.93.
The exchange offer was initially scheduled to expire on Tuesday but will now end Feb. 22. As of last Friday, about 52.4% of Inamed's shares had been tendered.
Last week, as Allergan reported its
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