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Fate of troubled Abbott-Alere merger likely to be decided by Del. judge

Sep 30, 2016 - The Deal Pipeline

With the collapse of mediation efforts between Abbott Laboratories Inc. (ABT) and Alere Inc. (ALR), the fate of the companies' troubled merger agreement will likely be determined in Delaware. Alere sued Abbott in August in the Court of Chancery, claiming that the Abbott Park, Ill.-based medical device and diagnostics company has delayed in obtaining antitrust approval for the $5.6 billion deal in an effort to kill the transaction, which has an April 30 drop-dead date.

There has so far been...