What the Actavis Acquisition of Allergan Means for Mutual Fund Investors (AGN, ACT)

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What the Actavis Acquisition of Allergan Means for Mutual Fund Investors (AGN, ACT)

Shauna O'Brien

|

Allergan image
On Monday morning, Actavis (ACT) reported that it has agreed to acquire Allergan (AGN) for approximately $66 billion in a cash and stock deal.

Inside the Deal

The $66 billion deal would create one of the top 10 global pharmaceutical companies by revenue. The deal comes after Allergan was faced with an unwanted takeover from Valeant in April, which was valued at $54 billion.

With this size, this acquisition would be one of the largest deals made in 2014.

Mutual Funds to Watch

Symbol Mutual Fund Exposure Stake
VTSMX Vanguard Total Stock Market Index Allergan 1.69%
VFINX Vanguard 500 Index Allergan 1.04%
VGHCX Vanguard Health Care Actavis 3.23%
VTSMX Vanguard Total Stock Market Index Actavis 1.63%

The Bottom Line

This deal adds to the many major acquisitions that have already taken place in 2014 and is likely to be one of the biggest acquisitions this year. Major news events are very important for mutual fund investors to be aware of – even if the funds you own only have a small stake in the affected companies.

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Allergan image

What the Actavis Acquisition of Allergan Means for Mutual Fund Investors (AGN, ACT)

Shauna O'Brien

|

On Monday morning, Actavis (ACT) reported that it has agreed to acquire Allergan (AGN) for approximately $66 billion in a cash and stock deal.

Inside the Deal

The $66 billion deal would create one of the top 10 global pharmaceutical companies by revenue. The deal comes after Allergan was faced with an unwanted takeover from Valeant in April, which was valued at $54 billion.

With this size, this acquisition would be one of the largest deals made in 2014.

Mutual Funds to Watch

Symbol Mutual Fund Exposure Stake
VTSMX Vanguard Total Stock Market Index Allergan 1.69%
VFINX Vanguard 500 Index Allergan 1.04%
VGHCX Vanguard Health Care Actavis 3.23%
VTSMX Vanguard Total Stock Market Index Actavis 1.63%

The Bottom Line

This deal adds to the many major acquisitions that have already taken place in 2014 and is likely to be one of the biggest acquisitions this year. Major news events are very important for mutual fund investors to be aware of – even if the funds you own only have a small stake in the affected companies.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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