what's going on wiht CFO?

Botox-maker Allergan Inc, which is trying to fight off a hostile takeover bid from Valeant Pharmaceuticals Inc , said its chief financial officer, Jeff Edwards, was stepping down for family reasons and would be replaced immediately by 30-year company veteran Jim Hindman

 

Actually heard from sources back in March that CFO was going to leave post but then Valeant bid occurred so he waited till things more stable. So it is valid and true that he wanted to take some time off for personal reasons. So no story really.

 

Still smells suspicious

 

According to Ackman's recent letter to Allergan, he was concerned about them replacing the CFO with an "Investor Relations Executive". Allergan may be having more trouble than's been reported.

 

What I have heard is that the CFO replacement is for family concerns, as stated. Since he must be replaced, it is a strategy to use the opening to address the potentially mortal Valeant/Pershing Square onslaught.

 

Axman is a spinster. New CFO has been number 2 in agn finance for quite a while. Would've been sooner , if...