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Ackman sues Allergan over questions about poison pill

Started by riky, June 14, 2014, 09:00:16 AM

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riky

Ackman sues Allergan over questions about poison pill

<p><a href="http://news.yahoo.com/ackman-seeks-court-ruling-allergan-special-meeting-105654014--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/uH7MdiBQYvWyWLHa2puEhQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-13T185941Z_1006950002_LYNXMPEA5C0IY_RTROPTP_2_CBUSINESS-US-ALLERGAN-OFFER.JPG" width="130" height="86" alt="Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks at the Sohn Investment Conference in New York" align="left" title="Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks at the Sohn Investment Conference in New York" border="0" /></a>(Reuters) - William Ackman's Pershing Square Capital Management on Friday it filed a lawsuit against Allergan Inc seeking confirmation that its request to hold a special meeting of Allergan shareholders would not trigger poison pill takeover defense. Ackman and Valeant Pharmaceuticals International are pursuing in a hostile takeover of Allergan. Ackman, who owns nearly 10 percent of Allergan, has called for a shareholder meeting to elect new directors to the company's board. The suit seeks to confirm that Ackman is not about to trigger Allergan's poison pill takeover defense as it seeks shareholder support for the meeting.</p><br clear="all"/>

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