Bill Ackman, Valeant Have Things To Say Re: Insider Trading Suit By Allergan

The short response: go fuck yourself. The slightly longer one:

Valeant Pharmaceuticals International, Inc. and Pershing Square Capital Management, L.P. today responded to the filing of a federal lawsuit by Allergan, Inc. in California. The complaint makes baseless claims about Valeant and Pershing Square regarding the tender offer rules…Bill Ackman, CEO of Pershing Square, stated: “This is a shameless attempt by Allergan to delay the shareholders’ fundamental right to call a special meeting and vote their shares. Allergan is threatened by our progress toward calling the special meeting. This scorched-earth approach is further evidence of the board’s and management’s entrenchment.” Mr. Ackman continued, “Allergan’s determination to waste money on a baseless lawsuit against its largest shareholder demonstrates why this board of directors should be removed.”

Valeant says Allergan lawsuit merely a delay tactic [SW]

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3 Responses to “Bill Ackman, Valeant Have Things To Say Re: Insider Trading Suit By Allergan”

  1. sticknstonesquant says:

    who"s the predator now, Bill? Huh? Huh?

  2. Not Carl Icahn says:

    i just want to know if Bill is going to give the most important presentation of his life (again) ?