fbpx

Court reprimands Valeant and Pershing Square

A California court says that Allergan raises serious questions as to whether Valeant and Pershing Square engaged in insider trading.

The judge nonetheless refused to grant Allergan an injunction disallowing Pershing Square, which is Allergan’s largest shareholder, from voting at the special meeting on December 18. This meeting could determine the future of Allergan’s executives, who strongly oppose the takeover bid from Valeant and Pershing Square.

In the meantime, Allergan has admitted to having been approached by another suitor about a potential merger, which would complicate an acquisition by Valeant. Sources familiar with the matter say the other company is Actavis.

Actavis is an American pharmaceutical company. Based in Ireland, it has a U.S. administrative headquarters in the United States.

For more information: http://agn.client.shareholder.com/releasedetail.cfm?ReleaseID=880337

http://www.theglobeandmail.com/report-on-business/california-court-reprimands-valeant-pershing-over-pursuit-of-allergan/article21441111/

 

Featured Posts

GIGI Studios Anastasia

GIGI STUDIOS Launches the XS Collection for Petite Faces

Anastasia features a geometrical model in a hexagonal shape made in crystal acetate for the front, Havana temples and a laminated endpiece.

Learn More

Local Leaders Break Ground on the Waterloo Eye Institute

Former Governor General of Canada David Johnston reflects on the institute’s importance to the community at a ceremony with regional stakeholders and champions.

Read more
MIDO logo

For the Second Year, MIDO Takes First Prize in the MEDIASTARS Press Section with “SPHERES” Communication Campaign

The campaign, developed by Max Galli in partnership with Mixer Group, was the first in the trade show industry to be created with Artificial Intelligence.

Read more
EssilorLuxottica

A New Sustainable Approach for EssilorLuxottica’s Operations in Italy

40 hectares of industrial land surrounding Barberini’s plant in Abruzzo, a region in central Italy, is being recovered and reconverted to host a solar farm and natural food crops to be used in the corporate staff restaurants

Read more
Spectacle Eyeworks

And the Winner is…

Inc., the Canadian design house, announces that they were the recipient of a prestigious accolade at the inaugural NOW awards at the recent Vision Expo East 2024 in New York City.

Read more
GIGI Studios Anastasia

GIGI STUDIOS Launches the XS Collection for Petite Faces

Anastasia features a geometrical model in a hexagonal shape made in crystal acetate for the front, Havana temples and a laminated endpiece.

Learn More

Local Leaders Break Ground on the Waterloo Eye Institute

Former Governor General of Canada David Johnston reflects on the institute’s importance to the community at a ceremony with regional stakeholders and champions.

Read More
MIDO logo

For the Second Year, MIDO Takes First Prize in the MEDIASTARS Press Section with “SPHERES” Communication Campaign

The campaign, developed by Max Galli in partnership with Mixer Group, was the first in the trade show industry to be created with Artificial Intelligence.

Read More
EssilorLuxottica

A New Sustainable Approach for EssilorLuxottica’s Operations in Italy

40 hectares of industrial land surrounding Barberini’s plant in Abruzzo, a region in central Italy, is being recovered and reconverted to host a solar farm and natural food crops to be used in the corporate staff restaurants

Read More
Spectacle Eyeworks

And the Winner is…

Inc., the Canadian design house, announces that they were the recipient of a prestigious accolade at the inaugural NOW awards at the recent Vision Expo East 2024 in New York City.

Read More
GIGI Studios Anastasia

GIGI STUDIOS Launches the XS Collection for Petite Faces

Anastasia features a geometrical model in a hexagonal shape made in crystal acetate for the front, Havana temples and a laminated endpiece.

Learn More

Local Leaders Break Ground on the Waterloo Eye Institute

Former Governor General of Canada David Johnston reflects on the institute’s importance to the community at a ceremony with regional stakeholders and champions.

Read more
MIDO logo

For the Second Year, MIDO Takes First Prize in the MEDIASTARS Press Section with “SPHERES” Communication Campaign

The campaign, developed by Max Galli in partnership with Mixer Group, was the first in the trade show industry to be created with Artificial Intelligence.

Read more
EssilorLuxottica

A New Sustainable Approach for EssilorLuxottica’s Operations in Italy

40 hectares of industrial land surrounding Barberini’s plant in Abruzzo, a region in central Italy, is being recovered and reconverted to host a solar farm and natural food crops to be used in the corporate staff restaurants

Read more
Spectacle Eyeworks

And the Winner is…

Inc., the Canadian design house, announces that they were the recipient of a prestigious accolade at the inaugural NOW awards at the recent Vision Expo East 2024 in New York City.

Read more
GIGI Studios Anastasia

GIGI STUDIOS Launches the XS Collection for Petite Faces

Anastasia features a geometrical model in a hexagonal shape made in crystal acetate for the front, Havana temples and a laminated endpiece.

Learn More

Local Leaders Break Ground on the Waterloo Eye Institute

Former Governor General of Canada David Johnston reflects on the institute’s importance to the community at a ceremony with regional stakeholders and champions.

Read more
MIDO logo

For the Second Year, MIDO Takes First Prize in the MEDIASTARS Press Section with “SPHERES” Communication Campaign

The campaign, developed by Max Galli in partnership with Mixer Group, was the first in the trade show industry to be created with Artificial Intelligence.

Read more
EssilorLuxottica

A New Sustainable Approach for EssilorLuxottica’s Operations in Italy

40 hectares of industrial land surrounding Barberini’s plant in Abruzzo, a region in central Italy, is being recovered and reconverted to host a solar farm and natural food crops to be used in the corporate staff restaurants

Read more
Spectacle Eyeworks

And the Winner is…

Inc., the Canadian design house, announces that they were the recipient of a prestigious accolade at the inaugural NOW awards at the recent Vision Expo East 2024 in New York City.

Read more