Allergan (AGN) to Acquire Vitae Pharmaceuticals (VTAE) for $639M
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Allergan to Acquire Vitae Pharmaceuticals Adding Innovative Development Programs for Dermatologic Conditions
September 14, 2016 8:01 AM EDTDUBLIN and FORT WASHINGTON, Pa., Sept. 14, 2016 /PRNewswire/ --Â Allergan plc (NYSE: AGN), a leading global pharmaceutical company, and Vitae Pharmaceuticals, Inc. (NASDAQ: VTAE), a clinical-stage biotechnology company, today announced that they have entered into a definitive agreement under which Allergan will acquire Vitae for $21.00 per share, in cash, for a total transaction value of approximately $639 million. The Boards of Directors of both companies have unanimously approved the transaction.
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