Key Developments: Allergan Inc (AGN)

AGN on New York Consolidated

166.43USD
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Allergan Inc announces U.S. FDA approval
Monday, 30 Jun 2014 08:10am EDT 

Allergan Inc:Receives approval from U.S. Food and Drug Administration (FDA) for OZURDEX(reg)(dexamethasone intravitreal implant) 0.7 mg as treatment option for diabetic macular edema (DME) in adult patients who have an artificial lens implant (pseudophakic) or who are scheduled for cataract surgery (phakic).  Full Article

Valeant Pharmaceuticals International Inc commences exchange offer for Allergan Inc
Wednesday, 18 Jun 2014 09:30am EDT 

Allergan Inc:Says Valeant Pharmaceuticals International Inc announced that it has commenced an exchange offer for common stock of Allergan Inc.Under terms of offer, Allergan stockholders would be able to elect to exchange each of their Allergan shares for $72.00 in cash and 0.83 Valeant common shares, or an amount of cash, or number of Valeant common shares, in each case subject to proration.Valeant says amount of all cash and all stock elections would be determined prior to expiration of exchange offer.Offer is scheduled to expire at New York City time, on Aug. 15, 2014, unless offer is extended.Valeant expects to complete second-step merger promptly following consummation of exchange offer in order to acquire the remaining Allergan shares.  Full Article

Pershing Square Files lawsuit against Allergan Inc
Friday, 13 Jun 2014 06:00am EDT 

Allergan Inc:Pershing Square Capital Management, L.P. announced that an affiliate has filed a lawsuit in the Delaware Court of Chancery.Says it is 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 Inc.  Full Article

Valeant Pharmaceuticals International responds to Allergan 's rejection of merger proposal
Tuesday, 13 May 2014 08:01am EDT 

Valeant Pharmaceuticals International Inc:Says that it has responded to Allergan Inc.'s rejection of Valeant's proposal to combine with Allergan for $48.30 in cash and 0.83 shares of Valeant common stock for each Allergan share.Receives Allergan's letter rejecting Valeant's offer on May 12.  Full Article

Allergan Inc gives FY 2015 EPS outlook, gives long term outlook
Monday, 12 May 2014 07:00am EDT 

Allergan Inc:Expects to Increase EPS by 20 to 25 Percent in FY 2015 and by 20 Percent CAGR over next five years.FY 2015 EPS of $6.6 - Thomson Reuters I/B/E/S.  Full Article

Allergan Inc raises FY 2014 guidance; gives Q2 2014 guidance, EPS guidance above analysts' estimates
Wednesday, 7 May 2014 09:00am EDT 

Allergan Inc:Now expects FY 2014 total product net sales between $6.775 and $7.00 billion.FY 2014 non-GAAP diluted earnings per share attributable to stockholders between $5.64 and $5.73.FY 2014 revenue of $6.870 billion and EPS of $4.75 - Thomson Reuters I/B/E/S.Expects Q2 2014 total product net sales between $1.725 and $1.80 billion.Q2 2014 non-GAAP diluted earnings per share attributable to stockholders between $1.41 and $1.44.Q2 2014 revenue of $1.745 billion and EPS of $1.37 - Thomson Reuters I/B/E/S.  Full Article

Allergan Inc confirms receipt of unsolicited proposal from Valeant Pharmaceuticals International Inc
Tuesday, 22 Apr 2014 11:00am EDT 

Allergan Inc:Confirms that it has received an unsolicited proposal from Valeant Pharmaceuticals International, Inc to acquire all of the outstanding shares of the company for a combination of 0.83 of Valeant common shares and $48.30 in cash per share of common stock of the company.Says its board , in consultation with its financial and legal advisors, will carefully review and consider the proposal and pursue the course of action that it believes is in the best interests of the company's stockholders.Goldman, Sachs & Co. and BofA Merrill Lynch are serving as financial advisors to the company.Latham & Watkins is serving as legal counsel to the company.  Full Article

Valeant Pharmaceuticals International Inc proposes to combine with Allergan Inc
Tuesday, 22 Apr 2014 07:30am EDT 

Valeant Pharmaceuticals International Inc:Submits merger proposal to Allergan Inc under which each Allergan share would be exchanged for $48.30 in cash and 0.83 shares of Valeant common stock, based on the fully diluted number of Allergan shares outstanding.Shareholders will be able to elect mix of cash and shares, subject to proration.Allergan shareholders will own 43 pct of combined company and thereby continue to participate in expected value creation of combined company.Pershing Square, Allergan's largest shareholder with a 9.7 pct stake in Allergan, has agreed to elect only stock consideration in transaction and intends to remain long-term shareholder of combined company.  Full Article

TauTona Group Sells Aline HA to Allergan Inc
Thursday, 17 Apr 2014 08:30am EDT 

TauTona Group:Says its subsidiary Aline Aesthetics has completed the sale of its Aline hyaluronic acid (HA) thread technology to Allergan, Inc.Financial terms of the transaction were not disclosed.  Full Article

Voyant Biotherapeutics, LLC enters into exclusive R&d collaboration agreement with Allergan Inc
Thursday, 20 Feb 2014 04:30pm EST 

Allergan Inc:Says Voyant Biotherapeutics, LLC, has signed an exclusive R&D Collaboration Agreement with Allergan, Inc.Says the agreement provides for a combination of upfront, research and milestone payments.Says under the agreement, the two companies will work together to identify disease-associated pathways and targets for the development of new therapeutic agents to treat ocular disease.  Full Article

Allergan asks stockholders not to act on Pershing Square proposal

July 11 - Allergan Inc advised its stockholders to refrain from taking any action in response to Pershing Square Capital Management's proposal to replace a majority of the botox maker's board.

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