Pershing Square Submits Requisite Requests From Allergan Inc. Shareholders To Call Special Meeting

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

NEW YORK--(BUSINESS WIRE)--Pershing Square Capital Management, L.P. (“Pershing Square”), the largest shareholder of Allergan, Inc. (NYSE:AGN) (“Allergan”), announced today that it submitted the required documentation to compel Allergan to call a special meeting of Allergan shareholders. The written requests, from shareholders owning 31% of Allergan’s shares, exceed the requirements under Allergan’s certificate of incorporation and bylaws to call a special meeting. A substantial majority of the consents were delivered by shareholders who were holders of Allergan prior to the announcement of the proposal by Valeant Pharmaceuticals International, Inc. (NYSE:VRX) (“Valeant”) and Pershing Square, and includes some of the longest-standing and largest shareholders of the company.

Help employers find you! Check out all the jobs and post your resume.

MORE ON THIS TOPIC