February 1, 2016 -- Abbott and Alere Inc. announced today a definitive agreement for Abbott to acquire Alere. Under the terms of the agreement, Abbott will pay $56 per common share at a total expected equity value of $5.8 billion. Cravath, Swaine & Moore LLP is representing Alere in connection with this transaction. 

The Cravath team is being led by M&A partners Scott A. Barshay and Keith Hallam.