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News broke Tuesday morning (first at the Wall Street Journal, I believe) that AbbVie (ABBV) has agreed to acquire Allergan (AGN). This is one of the larger pharma mergers of recent years, and regular readers of this site will have a pretty good idea of the sigh and roll of the eyes with which I greet it. I think Ed Silverman at Stat's Pharmalot does a good job capturing the mood:
Over the past couple of years, AbbVie ((ABBV)) executives have struggled to convince investors they had a long-term strategy for growth. Now,