Abbott, Alere Agree To Mediation For Troubled Merger
Abbott announced plans to purchase Alere in January, but the merger has so far been delayed by, Alere alleges, Abbott's foot-dragging. Abbott, meanwhile, points to federal investigations that have delayed Alere’s financial filings.
Abbott Laboratories Inc. and Alere Inc. are going to take their troubled merger effort before a mediator.
The companies announced plans for Abbott to pay $5.8b for Alere, which would create the world’s largest diagnostics company, on Jan. 30. But the deal has run into a series...
