Ackman seeks the removal of majority of Allergan directors

|About: Allergan plc (AGN)|By:, SA News Editor

Eschewing a straw poll from shareholders because of the risk in triggering a poison pill provision, Pershing Square's Bill Ackman now wants a more definitive vote on removing the bulk of the Allergan (AGN +2.6%) board. A special meeting on the issue could happen as early as August. Pershing Square needs consent from at least 25% of the firm's shares to hold the meeting. Mr. Ackman says he has the votes to move forward.

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