Come people: wake up!
...frustrated by Allergan’s steadfast refusal to engage in deal talks with Pershing Square and Valeant, Mr. Ackman lashed out at Allergan’s board. In a letter to the board on Tuesday, Mr. Ackman noted that it had been five months since the initial offer was made for Allergan, the maker of Botox. [...] “I had expected that at some point one or more directors would have woken up and smelled the coffee,” Mr. Ackman said, reiterating that shareholders have called a special meeting and proxy advisory firms have called for Allergan to engage. “The smell of strong brew is in the air. Now is the time to wake up.”