Botox-maker Allergan urged to merge with Shire

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Allergan Inc. shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc, Reuters reports. Allergan’s interest in pairing up with Shire would be as an alternative to a deal with hostile bidder Valeant Pharmaceuticals. North Chicago-based AbbVie Inc. is backing away from its $54 billion merger and tax inversion with Shire.

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