Covid-19 could throw final hurdle into AbbVie and Allergan’s massive merger
You can add AbbVie and Allergan’s $63 billion merger to the list of plans potentially disrupted by Covid-19.
The Federal Trade Commission said that it may need to offer extensions on certain cases because coronavirus-related disruptions may make it difficult for companies to make documents and witnesses available, Bloomberg reported.
That could mean a sudden roadblock just before the finish line for the giant drugmakers, who have been slow-walking their way to a merger since they announced one last June. Most recently, in early March, the European Union gave the all-clear and — months after the FTC issued a rare “second request” in their review of the buyout — the two companies said they had agreed to a timeline with the US agency to finish by the first days of the 2nd quarter, i.e. early April or May.
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