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Actavis and Allergan have entered into a definitive agreement in which Actavis will acquire Allergan for a combination of $129.22 in cash and 0.3683 Actavis shares. The transaction is valued at $66 billion, or $219 per Allergan share. The combination will create one of the top 10 global pharmaceutical companies by revenue, with a combined annual pro forma revenues anticipated for 2015. The combination company will be led by Brent Saunders, CEO and President of Actavis and Paul Bisaro will remain Executive Chairman of the board. Allergan is a healthcare company with a portfolio including medical devices, pharmaceuticals, over-the-counter consumer products and biologics. Actavis develops and manufactures, brand, branded generic, legacy brands and over-the-counter pharmaceutical products.



Announcements, Competitions/Awards

Maria Iorio and Raphaël Cuomo were announced as the winners of the 10th Premio Furla (Furla Art Award), this year titled The Nude Prize, in Milan yesterday, November 18. The winners were chosen by a panel of judges including Vanessa Beecroft as Chair, Teresa Gleadowe (Chair, Nottingham Contemporary, Nottingham) and Barbara Hernandez (Director, SOMA, Mexico City). Prizes include the chance to create the proposed work underwritten by Fondazione Furla, the finished work being previewed in Venice at Fondazione Querini Stampalia in May 2015 during the 56th Venice Biennale, taking part in a retrospective dedicated to the Premio Furla next spring as well as in the next edition of miart, the international fair of contemporary art in Milan in April. Established to promote emerging Italian artists and bring awareness to the diverse channels of contemporary art developing throughout the country, Premio Furla is organised by Fondazione Furla (the Furla Foundation), an organisation founded in 2008 by Giovanna Furlanetto, President of Furla S.p.A. to support the luxury label's cultural initiatives.



Appointments, PR

High-end department store Bergdorf Goodman has announced the appointment of Jordana Jaffe to the position of the Manager, Public Relations and Special Events covering 5F Contemporary, Advanced Designer, Designer Sportswear and Men's. She previously worked at Rebecca Minkoff, starting as Public Relations Assistant before serving as Public Relations Coordinator. Sue Chan has also been appointed under the same title covering Couture, Decorative Home, Handbags Jewelry and Shoes. Sue joins the company from Macy's where she worked as Public Relations Professional in the National Department.