Friday
October
24
2014
12:05 am
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
 
 
 
 

Check out our archive of Dining Guides - Yum!

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  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
What is the most important issue facing the United States right now?

Ebola
Islamic State
Income gap
Russia/Ukraine
Immigration
Health care
The economy

 

 
 
 
 
 
 
White House fence jumper charged with assault
WASHINGTON — The 23-year-old Maryland man who climbed over the White House fence Wednesday night h..
Senators ask gov't for nationwide air bag recall
DETROIT — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with fa..
Brazilian companies raise Chiquita offer to $681M
NEW YORK — Brazilian companies Cutrale and Safra said they are again raising their bid for banana ..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
South San Francisco news