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Monday, September 22, 2014

U.S. court orders Allergan to produce board documents, (NYSE: AGN), (NYSE: VRX), (TSE: VRX.TO)

A U.S. court ordered drugmaker Allergan Inc to produce board documents related to its strategy to counter the hostile bid by William Ackman's Pershing Square Capital Management and Canada's Valeant Pharmaceuticals International . The court denied Allergan's request for a protective order regarding the documents and ordered the company to produce "unredacted copies of the documents". (1.usa.gov/1rs5Rgt)

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 fell by 1.24% or $-2.09/share to $166.12. In the past year, the shares have traded as low as $88.34 and as high as $174.49. On average, 1928600 shares of AGN exchange hands on a given day and today's volume is recorded at 1133357.

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 0.98% or $-1.15/share to $116.28. In the past year, the shares have traded as low as $102.30 and as high as $153.10. On average, 2466090 shares of VRX exchange hands on a given day and today's volume is recorded at 2054008.

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 2.32% or $-3.05/share to $128.32. In the past year, the shares have traded as low as $105.46 and as high as $170.45. On average, 393119 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 399724.



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