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Allergan stiff-arms Appaloosa over Chairman/CEO split

Feb. 19, 2019 3:21 PM ETAllergan plc (AGN) StockBy: Douglas W. House, SA News Editor10 Comments
  • In a statement, Allergan (NYSE:AGN -0.3%) says splitting the Chairman and CEO roles currently held by Brent Saunders, a change advocated by institutional shareholder Appaloosa LP, would be "highly disruptive" to the company and "diminish Mr. Saunders' ability to execute Allergan's strategy" to create a world-class business.
  • Throwing Appaloosa a bone, the company "supports" splitting the roles with the next leadership change.

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