Seeking Alpha

Valeant plans to sweeten bid for Allergan

  • Valeant (VRX) intends to its improve its $45.7B offer for Allergan (AGN) based of feedback that the Canadian company hopes to receive from Allergan shareholders during a Webcast about the deal on May 28.
  • "We are prepared to pay a full and fair price, but, consistent with our track record, we will remain financially disciplined," Valeant said.
  • The firm's comments come after Allergan formally rejected Valeant's proposal yesterday.
  • Allergan's shares are +1.9% premarket. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector