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Allergan Said to Be in Active Takeover Talks With Actavis

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Allergan Inc., the Botox maker seeking to fend off a hostile takeover by Valeant Pharmaceuticals International Inc., is in active talks with Actavis Inc. on a potential alternative deal, people with knowledge of the matter said.

The discussions may not lead to an agreement, said the people, who asked not to be identified because the talks are private. Allergan, based in Irvine, California, said in a filing today that it’s in talks with a third party that may lead to merger negotiations, without providing further information.