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AbbVie (ABBV) has reached a deal to acquire Allergan (AGN) as mega deals appear to be back in today's pharmaceutical market. The deal is not welcomed at all by the market for the right reasons, as the strategic rationale can be questioned, a huge premium is paid, and the deal jacks up leverage ratios a great deal as well. That does not mean that the deal might not work out, and while the latest big pullback has created a compelling situation, it is by far not compelling enough to buy the