Allergan’s public relations defense is not so unusual, but Allergan has also adopted a scorched-earth policy with respect to Valeant’s bid. In response to the attempt to call a special meeting, the company’s board has hidden behind bylaws to make it almost impossible for Pershing Square to call this meeting. The bylaws require that two years of trading history be provided and that shareholders disclose all their associates — any person, property or entity in which they hold a stake of more than 10 percent. Each of these associates is treated as also making the proposal, and their own holdings in Allergan and other information about them, including their officers and directors, must be disclosed.
Why? Because they value what they've created and don't want crap companies like Valeant getting their grubs on it???!!!!!!
More like a crooked board of directors trying to deny the owners of the business their ability to exercise their rights.
Maybe it is just that Allergan's board are on to us…we need them--they do not need us and they know that we will destroy them.
Why? How? The only people to benefit are Ackman & Pearson.....oh & some lawyers!!!!! R&D is the way Drs & Patients benefit.
The WSJ is reporting that Actavis recently made a cash offer for Allergan but was rejected by the Allergan board. Also mentioned was a deal for Salix will be announced later this week or next. Salix stock is up 9% in after hours trading.
Apparently no deal has been made just yet between Allergan and Salix. Salix is likely holding out for top dollar. Allergan has little choice but to pay up.
Totally agree. Pearson doesn't give a crap about either doctors or patients and has flat out said so. But the doctors are the fools- they keep writing Valeant products. The best way to kill this menace is to stop putting money in his hands which gives him more resources to buy and destroy more companies and more people's lives. As someone who believes in accountability, I am confident that he will have to own up at some point in his life.
