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Allergan Inc. (AGN) Releases Personal Emails From Morgan Stanley (MST) Calling Valeant Pharmaceuticals International (VRX) A "House Of Cards"


6/17/2014 6:56:57 AM

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(Reuters) - Morgan Stanley (MS.N), an adviser to Valeant Pharmaceuticals International Inc (VRX.TO) in its $53 billion hostile bid for Allergan Inc (AGN.N), initially tried to get hired by Allergan and in its pitch called the unsolicited bidder a "house of cards," according to Allergan.

The Botox maker released email exchanges with Morgan Stanley bankers on Monday, which reveal the bankers were pitching for a defense assignment from Allergan, offering advice as to how the company could successfully defend the unwanted suitor.

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