Allergan Fined for Failure to Disclose Merger Negotiations with Third Parties During Hostile Bid
Cooley M&A
JANUARY 24, 2017
Specifically, the SEC said Allergan failed to disclose negotiations with a merger party (Company A) that it wanted to acquire to make it more difficult for Valeant/Pershing Square to finance a hostile takeover of Allergan as a much-larger combined company.
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