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Stock Market & Financial Investment News

News Breaks
May 2, 2014
11:55 EDTVRX, AGNPershing Square exercises options on 24.83M Allergan shares
Pershing Square Capital Management confirmed in a regulatory filing that its PS Fund 1 purchased 24.83M shares of Allergan upon exercise of American-style call options and that 3.45M shares of common stock were purchased under forward purchase contracts. The filing stated, "Management may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. By virtue of William A. Ackmanís position as the Chief Executive Officer of Pershing Square and managing member of PS Management, William A. Ackman may be deemed to have the shared power to vote or direct the vote of and the shared power to dispose or direct the disposition of) the Subject Shares and, therefore, William A. Ackman may be deemed to be a beneficial owner of the Subject Shares." Pershing owns a 9.7% stake in Allergan and is pushing for the company to merger with Valeant (VRX).
News For AGN;VRX From The Last 14 Days
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January 30, 2015
07:29 EDTVRXValeant selected as lead bidder to acquire Dendreon, Provenge for $296M
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05:20 EDTVRXDendreon reaches agreement for Valeant to serve as 'stalking horse bidder'
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January 26, 2015
17:34 EDTAGNActavis registration statement for Allergan acquisition declared effective
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January 22, 2015
05:57 EDTVRXActavis, Valeant raise prospects of more healthcare deals, Financial Times says
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January 21, 2015
12:30 EDTAGN, VRXGlaxoSmithKline 'admired' by Pfizer CEO, FT reports
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07:22 EDTAGNActavis price target raised to $330 from $280 at Deutsche Bank
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