Friday
March
24
2017
2:51 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
 
Proxy fight looms in Allergan-Valeant dispute
June 03, 2014, 05:00 AM The Associated Press

NEW YORK — Activist investor Bill Ackman says he will move to replace most of the board of directors of Allergan as part of a continuing battle for control of the company.

Ackman’s Pershing Square Capital Management and Canadian drugmaker Valeant Pharmaceuticals International Inc. want to buy Allergan, but the company has rejected their offers. Ackman says he wants to call a special shareholder meeting and will move to replace most of Allergan’s board members.

Ackman says the meeting could happen between early August and late November.

Botox-maker Allergan Inc. is urging shareholders to hold off taking action on Ackman’s proposal while the company’s board weighs the latest buyout proposal. Valeant and Pershing Square on Friday sweetened their offer to $53 billion in cash and Valeant stock.

 

 

Tags: allergan, valeant, board, ackman,


Other stories from today:

 

 
Print this Page Print this Page  | 
<< Back
 
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Do you think San Mateo County cities should do more to ensure there are sufficient and affordable child care spaces?

Yes, there are not enough affordable spaces
Encouraging more spaces would bring cost down
There should be subsidies for those making lower incomes
No, let the market dictate the available spaces
Employers should do more to provide child care spaces
Don't know

 

 
 
 
 
Trump, GOP leaders pull health care bill in humiliating loss
WASHINGTON — In a humiliating setback, President Donald Trump and GOP leaders pulled their &l..
California to free 9,500 inmates in 4 years
SACRAMENTO — Corrections officials adopted new criminal sentencing rules on Friday that aim to tri..
More >>  
 
 
  
 
  
 
©2017 San Mateo Daily Journal
San Mateo County order to show cause