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Allergan agrees to buy Zeltiq for about $2.48 billion


Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion to gain access to its flagship body contouring technology.

The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close.


(Reporting by Natalie Grover in Bengaluru; Editing by Shounak Dasgupta)

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Reuters