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Stock Market & Financial Investment News

News Breaks
August 5, 2014
09:53 EDTAGN, VRXGlass Lewis recommends Allergan investors support calls for special meeting
Pershing Square Capital Management, the largest shareholder of Allergan (AGN), announced that on August 4, Glass Lewis & Co. recommended that Allergan shareholders support Pershing Square’s efforts to call a special meeting of shareholders and that shareholders take the steps necessary under Allergan’s bylaws to call a special meeting. Glass Lewis’s recommendations are relied upon by hundreds of major institutional investment firms, mutual and pension funds and other fiduciaries. At the Special Meeting, Allergan shareholders will have the opportunity to voice their support for a number of critical matters, including the removal of six incumbent members of the Allergan board, the appointment of an independent slate of directors, amendments to Allergan’s bylaws to eliminate onerous restrictions on the calling of a special meeting and certain other actions to improve corporate governance of Allergan. Pershing Square CEO Bill Ackman commented: “We’ve said all along that the Allergan board was more concerned with protecting itself than providing value to its shareholders. We’re pleased Glass Lewis agrees with us on that point and has endorsed the call for a special meeting of Allergan shareholders. We ask Allergan’s board to consider the criticisms reflected in the Glass Lewis report and address them by, among other things, quickly engaging with Valeant (VRX) on its strategically compelling offer to acquire Allergan.”
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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