Alere drags Abbott to court over $5.8 billion deal

August 26, 2016 3:28 PM

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Alere Inc, which has agreed to be bought by Abbott Laboratories, said on Friday it filed a complaint, seeking to compel Abbott to obtain all antitrust approvals required to complete the deal.

Alere said in April its board had rejected a request by Abbott to call off its $5.8 billion (4.39 billion pounds) offer. Abbott had raised concerns about the accuracy of various representations, warranties and covenants made by Alere in the merger agreement.

Also read: Consolidated Communications to buy FairPoint in $1.5 billion deal

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