Inamed Corporation (IMDC) Says Board OKs Allergan Inc. (AGN)'s $3.2 Billion Offer
12/15/2005 10:26:57 AM
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Dec. 15, 2005--Inamed Corporation (Nasdaq:IMDC) announced today that its Board of Directors has unanimously approved the definitive Agreement and Plan of Merger (the "Merger Agreement") between Inamed and Allergan previously executed and delivered by Allergan on December 6, 2005. However, Inamed has not yet signed the Merger Agreement. This approval was conducted in accordance with the terms of the irrevocable offer letter delivered to Inamed by Allergan on December 6, 2005.