Shares of Botox-maker Allergan Inc. soared in afternoon action Tuesday as rumors circulated on Wall Street that U.K. pharmaceutical giant GlaxoSmithKline PLC could be considering a bid for the company.
Shares of Allergan /quotes/comstock/13*!agn/quotes/nls/agn (AGN 68.10, -0.18, -0.27%) shot up as high as $50.25 Tuesday, before settling at $48.58, up 12.5%, near the closing bell.
via marketwatch.com
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