Facing Shareholder Demands, Allergan Inc. (AGN) Reluctantly Sets A Date For Special Meeting
8/27/2014 6:08:18 AM
(Reuters) - Allergan Inc said on Tuesday that it has scheduled a special shareholders meeting for Dec. 18, when activist investor Bill Ackman, who supports a hostile bid for the company by Valeant Pharmaceuticals Inc, will attempt to oust most of its board.
Although Allergan set a date for the meeting, it said in a Delaware court filing that it will review the validity of the shareholder requests for the meeting on Sept. 4.
The company said later in the evening, that it had asked the U.S. District Court for the Central District of California to set an expedited schedule for an injunction that will bar Valeant, Ackman and his hedge fund firm from exercising rights associated with any shares that were acquired unlawfully.
Help employers find you! Check out all the jobs and post your resume.
comments powered by