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Stock Market & Financial Investment News

News Breaks
June 16, 2014
07:01 EDTAGN, VRXAllergan reiterates belief that Valeant's business model 'unsustainable'
Allergan (AGN) reiterated the companyís concern regarding Valeant Pharmaceuticals International, Inc.ís (VRX) unsustainable business model, which relies on serial acquisitions and cost reductions, as opposed to top-line revenue growth and operational excellence. As announced on June 10, Allerganís Board of Directors, after consulting with its independent financial and legal advisors, unanimously determined that the re-revised unsolicited proposal dated May 30 by Pershing Square Capital Management, L.P. and Valeant substantially undervalues the company, creates significant risks and uncertainties for the stockholders of Allergan, and is not in the best interests of the company and its stockholders.
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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