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Merck, Allergan Suggested As Suitors But Biogen's Attractiveness Under Question

 
• By Sukaina Virji

Biogen's share price has risen on speculation that it is an acquisition target for Merck & Co and Allergan. But with a number of uncertainties hanging over the company, can Biogen negotiate a premium price?

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Biogen Inc.'s share price rose as much as 10% on Aug. 1, giving it a market cap of $72.3bn, on media reports that the company had drawn takeover interest from Merck & Co. Inc. and Allergan Inc.

CEO George Scangos announced his resignation during Biogen's second quarter sales and earnings call on July 21, heightening uncertainty around the company's future prospects after a turbulent year and raising...

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