Mergers & Acquisitions Mergers & Acquisitions

AbbVie wins EU clearance for $63 billion buyout of Allergan

By Natalie McNelis
  • 10 Jan 2020 08:30
  • 10 Jan 2020 08:40

Global biopharmaceutical company AbbVie has received EU approval for its $63 billion bid to acquire its rival Allergan.

Approval is conditioned on the divestment of a pipeline Allergan product for the treatment of inflammatory bowel diseases.

In announcing the approval today (see here), EU competition chief Margrethe

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Natalie McNelis

Senior Correspondent


Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

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