Valeant Pharmaceuticals International Inc has teamed up with Pershing Square Capital Management, led by activist investor William Ackman, to make a run at Botox maker Allergan Inc. Here are the details of some of the most interesting steps along the way. April 21 - U.S. regulatory documents show that Ackman had purchased an almost 10 percent stake in Allergan on the open market over several months and plans to bid for the company jointly with Valeant.April 22 - Valeant and Ackman propose buying the company in an unsolicited cash and stock bid worth about $47 billion, or about $152.88 per share. Allergan's board of directors adopts a "poison pill" provision that prevents Ackman from raising his stake above 10 percent by threatening share dilution.
Allergan, Inc. is a multi-specialty health care Company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. Shares of AGN traded higher by 0.21% or $0.36/share to $169.58. In the past year, the shares have traded as low as $82.56 and as high as $174.49. On average, 4517120 shares of AGN exchange hands on a given day and today's volume is recorded at 1231412.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX fell by 0.23% or $-0.29/share to $125.83. In the past year, the shares have traded as low as $86.89 and as high as $153.10. On average, 3699520 shares of VRX exchange hands on a given day and today's volume is recorded at 1161909.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX fell by 2.3% or $-3.18/share to $134.94. In the past year, the shares have traded as low as $89.35 and as high as $170.45. On average, 397386 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 477207.
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