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January Court Date Set for Abbott, Alere Merger

 
• By Elizabeth Orr

A hearing in Alere’s court case to force Abbott to complete the merger has been set for Jan. 27. The hearing will only be held if the companies can’t complete the merger by that date. Delaware Chancery Court has also adopted Abbott’s proposed schedule for merger activities.

If Abbott Laboratories Inc. and Alere Inc. can’t come to terms over their troubled $5.8bn merger in the next few months, they’ll be headed to court on Jan. 27.

That’s the latest ruling from Delaware Chancery Court Judge Sam Glasscock, who set the preliminary hearing date in a Sept. 29 order

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