Abbott, Alere Agree To Mediation For Troubled Merger

Abbott announced plans to purchase Alere in January, but the merger has so far been delayed by, Alere alleges, Abbott's foot-dragging. Abbott, meanwhile, points to federal investigations that have delayed Alere’s financial filings.

Abbott Laboratories Inc. and Alere Inc. are going to take their troubled merger effort before a mediator.

The companies announced plans for Abbott to pay $5.8b for Alere, which would create the world’s largest diagnostics company, on...

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