Allergan rejects Valeant's offer


As expected, Allergan's (AGN) BOD unanimously rejects Valeant Pharmaceuticals' (VRX) latest offer of $72 in cash plus 0.83 shares of VRX for each share of AGN. It says that the offer is grossly inadequate, substantially undervalues the company, creates significant risks and uncertainties for AGN shareholders and is not in the best interests of the firm and its shareholders. It strongly recommends that Allergan stockholders not tender any shares to Valeant.

Schedule 14D-9

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs