Seeking Alpha

Pershing Square has the votes to call special meeting

  • In his order denying Allergan's (AGN -1%) motion to expedite its lawsuit against Valeant Pharmaceuticals (VRX +0.3%) and Pershing Square, Judge David Carter mentioned that Pershing Square has the votes to call a special meeting of shareholders. Allergan must call the meeting within 120 days after at least 25% of its shareholders request it in a Delaware court.
  • The company's pursuers intend to use the meeting to oust six of the firm's directors and replace them with people favoring their proposed acquisition.
From other sites
Comments (1)
  • Cageyone
    , contributor
    Comments (215) | Send Message
    Looks like the opera isn't over!
    22 Aug 2014, 10:23 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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