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WSJ: Valeant, Pershing to boost Allergan bid by $15/share

Oct. 07, 2014 6:06 PM ETBausch Health Companies Inc. (BHC) Stock, BHC:CA StockAGN, BHCBy: Eric Jhonsa, SA News Editor
  • Valeant (VRX) and Bill Ackman's Pershing Square Capital plan to up their hostile cash/stock bid for Allergan (NYSE:AGN) by $15/share, the WSJ reports. Based on Valeant's Tuesday close, that puts the new offer around $191/share.
  • Valeant/Pershing are still reportedly "ironing out questions of timing and the mix of cash and stock for the additional $15-per-share rise."
  • AGN +2.6% AH to $191.00.
  • Earlier: Allergan asks judge to keep Pershing's stake out of shareholder vote
  • Update (6:15PM): Valeant is up 3.4% AH.

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