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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:06 EDTVRX, AGNPershing files lawsuit seeking judgment regarding Allergan actions
Pershing Square Capital Management announced that an affiliate has filed a lawsuit in the Delaware Court of Chancery seeking a declaratory judgment confirming that its actions in connection with the solicitation and receipt of revocable proxies to call a special meeting of shareholders of Allergan (AGN) will not trigger Allerganís recently adopted poison pill. Allerganís reaction to the business combination transaction proposed by Valeant (VRX) has raised speculation that Allergan might try to assert that a shareholderís compliance with the procedures in Allerganís bylaws somehow triggers the poison pill. In light of Allerganís actions to date, Pershing Square said it had no alternative but to take this action.
News For AGN;VRX From The Last 14 Days
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April 9, 2015
11:39 EDTVRXPershing Square, Valeant, Allergan drop lawsuit over buyout
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April 8, 2015
12:17 EDTVRXOn The Fly: Midday Wrap
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