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Stock Market & Financial Investment News

News Breaks
August 5, 2014
08:02 EDTVRX, AGNAllergan says Valeant results contain 'inconsistencies and omissions'
Allergan (AGN) commented on Valeant's (VRX) release of its Q2 results. It stated, "Following Valeantís earnings conference call on July 31, 2014, Allerganís financial advisors and forensic accountants analyzed Valeantís reported financial and operating results, identifying numerous inconsistencies and omissions. Further, Valeantís 46-page July 31 second quarter 2014 investor presentation, while extensive in length, failed to provide investors with sufficient relevant information to gauge the true performance of Valeantís business or operations. In Allerganís view, Valeantís ongoing failure to provide complete, fully transparent information and relevant supporting data for its performance remains a significant and growing concern among Allerganís stockholders and the overall investment community. At the same time, there continues to be an overwhelming divergence between Valeantís reported GAAP and non-GAAP results, additionally highlighting the opaqueness of Valeantís financial reporting. Given that a substantial portion of Valeantís hostile exchange offer for Allerganís stock consists of Valeant stock, it is crucial that Allerganís stockholders have all of the information necessary to evaluate the true performance of Valeantís business, and consequently, Valeantís equity."
News For AGN;VRX From The Last 14 Days
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May 21, 2015
19:54 EDTVRXValeant to expand Canadian presence in coming years, Globe and Mail says
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May 20, 2015
06:37 EDTVRXSources: Valeant in talks to buy Amoun Pharmaceutical, Bloomberg reports
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06:32 EDTVRXValeant CEO sees quintupling in Asia sales by 2020, Reuters reports
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May 15, 2015
17:15 EDTVRXPaulson & Co. gives quarterly update on stakes
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17:08 EDTVRXSoros Fund gives quarterly update on stakes
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17:03 EDTVRXPershing Square gives quarterly update on stakes
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10:55 EDTVRXJANA Partners gives quarterly update on stakes
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10:29 EDTAGNAmerican Urological Association to hold an annual meeting
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