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Mergers & Acquisitions

Jul. 1, 2014

Allergan, hedge fund reach accord over special meeting

The contested hostile takeover of Irvine-based drugmaker Allergan Inc. turned a corner Friday with the announcement that the company had settled a dispute with Pershing Square Capital Management LP.


By Dominic Fracassa


Daily Journal Staff Writer


The contested hostile takeover of Irvine-based drugmaker Allergan Inc. turned a corner Friday with the announcement that the company had settled a dispute with Pershing Square Capital Management LP that allows the hedge fund to drum up support for a special shareholder meeting that it hopes could catalyze a deal.


Pershing has been working directly with Valeant Pharmaceuticals International Inc. si...

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