Allergan's offer of $28.35 per Tobira share upfront is nearly a
whopping 500 percent premium to the stock's close on Monday.
Dublin-based Allergan said Tobira shareholder could get up to
$49.84 per share contingent on the company achieving certain
milestones.
About 30 percent of people in the United States suffer from
fatty liver diseases such as NASH (nonalcoholic steatohepatitis)
due to obesity, diabetes and over-indulgent lifestyles,
according to the American Liver Foundation.
(Reporting by Natalie Grover in Bengaluru; Editing by Savio
D'Souza)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](column_spacer.png) |