Reuters logo
Meeting 'self-serving exercise' for Pershing Square - Allergan
May 13, 2014 / 5:55 PM / 3 years ago

Meeting 'self-serving exercise' for Pershing Square - Allergan

May 13 (Reuters) - A meeting of Allergan Inc shareholders called by the company’s biggest investor, Pershing Square Capital Management, is “a self-serving exercise” aimed at furthering an unsolicited takeover bid by Valeant Pharmaceuticals Inc, an Allergan spokesperson said on Tuesday.

“This is nothing more than an attempt by co-bidders Pershing Square and Valeant to transfer the value inherent in Allergan to Pershing Square and Valeant at a price that substantially undervalues Allergan,” the spokesperson said. (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by David Gregorio)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below