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Allergan CEO May Get $100 Million for Getting Fired

2015-02-24 22:31:14| Biotech - Topix.net

The payment would include about $89 million in cash and stock he'd receive in exchange for equity awards that haven't yet vested, according to a Feb. 19 filing from Irvine, California-based Allergan. Pyott would also receive $9.91 million in cash, as well as $2 million for accrued pension and health benefits for three years, according to the filing.

Tags: million getting ceo fired

 

Actavis plans name change to Allergan

2015-02-18 15:38:38| Biotech - Topix.net

Drugmaker Actavis plans a name change once it finishes its acquisition of Botox-maker Allergan in a $66 billion deal that the company announced last fall. Actavis said Wednesday that it will adopt the Allergan corporate name after securing Actavis shareholders' approval for the switch at its annual meeting later this year.

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Ackman's Pershing Square Sees Big Payoff From Allergan Deal

2014-11-26 18:46:10| Biotech - Topix.net

Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest investor, still owns 26.6 million shares.

Tags: big deal square sees

 

Actavis sees expanding Allergan products in China, Bloomberg reports

2014-11-25 23:50:11| Air Courier - Topix.net

Third Point gives quarterly update on stakes NEW STAKES: Alibaba , eBay , Bed Bath & Beyond , Shire , and Parker Hannifin . INCREASED STAKES: Actavis , Amgen , EQT , Sensata , Coca-Cola Enterprises .

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Pharma ETFs In Focus On Allergan Takeover Deal

2014-11-23 12:08:41| Biotech - Topix.net

The health care space is witnessing 2014 as another banner year thanks to encouraging industry trends, solid corporate earnings and huge levels of merger and acquisition activities. The sector is clearly leading the broad market rally and this trend is likely to continue to close out the year given another round of merger talk .

Tags: focus deal pharma takeover

 

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