Actavis, Allergan Could Announce Merger Deal Monday

Actavis PLC ACT and Allergan, Inc. AGN are close to a merger deal, according to The Wall Street Journal. The reported price for Allergan is $210 to $220, according to sources.

A deal between the two pharmaceutical companies would make it nearly impossible for Valeant Pharmaceuticals and investor Bill Ackman to takeover the combined company.

The announcement of a merger deal could come as early as Monday, reports persons familiar with the matter.

Actavis closed Friday at $243.77, a gain of $2.14 (0.89 percent), while Allergan shares gained $2.44 (1.24 percent) to close at $198.65.