Extremely glad to hear that our US Senators are stepping up to have the Federal Trade Commission and Department of Justice review this unscrupulous attempted transaction. I hope justice is served on Ackman and Pearson, but at a minimum I hope this strong AMERICAN company of ours that produces innovative research and drugs, and provides extremely skilled and highly educated Americans work all while legitimately making a profit and paying taxes to the US. (Valeant does none of that). This is a no brainer, let's do what is right.
Sentiment: Strong Buy
Ackman & Pearson tipped Paulson off on their attempted hostile takeover of Allergan. JUST 18 DAYS BEFORE Allergan / the public knew about the attempted hostile takeover, Paulson purchased 1,000,000 shares of VRX stock (at it's cheap/true value) prior to VRX's stock skyrocketing from the announcement of the AGN attempted hostile takeover. Had we all had this inside information we too could have made a large profit. Now, to secure his profit, he's purchasing AGN shares to control the vote while colluding with Ackman, to throw out the board and affect the destiny (short-term) of the VRX stock price (and AGN's permanent demise). The SAME DAY Paulson purchased his VRX shares, April 3, 2014- George Soros purchased 165,411 shares of VRX. Insider trading anyone??
Agreed @carlwhitney439. The vast maniuplation of our system / securities / insider trading by Pearson and Ackman is not capitalism. This is not a free market with fair trade. There is nothing not corrupt about this.
This will lose strong American jobs that WILL NOT come back to an educated workforce, it will lose their tax paying money, the US will lose Allergan's tax paying money, we will lose Allergan's innovation and successful R&D team that consistently produces great products, and consumers across the board will pay a lot more for Allergan's drugs (the drugs people actually want) if Valeant were to succeed.
This is a no brainer, we do need to do what is right, and protect our workforce/country when something is so outrageously wrong. Other countries wouldn't allow this detrimental affect to their country. We shouldn't either.
Sentiment: Strong Buy
Will the SEC finally do a public investigation??? How much more info do they need? Unless you are a billionaire, the stock market is not for us. We can't buy the regulators / SEC / Courts to make it a fair system. They make their billions, good companies go under, bad foreign companies prosper (for the very short-term).
Sentiment: Strong Buy
GTCHGD, you, Pearson, Ackman and Valeant is what is shameful and ugly.
Yes, Allergan and Pyott should just lie there and take it from them and let Allergan be ravaged, not happening.
They ARE working in favour of the long term shareholder and doing a very good job too. As a short term carpetbagger and/or VRX shareholder, you don't see this.
Google 'Cutting through Valeant's Story' and read the article. It is a shame this doesn't get posted on yahoo finance. We all know this to be true that Valeant is a sham. More and more info that comes out tells us this, repeatedly. It would be beyond tragic that despite all of this and how it would harm long-term Allergan, our pharmaceutical industry, the economy, our tax paying base, our competition, prices for drugs, etc. - the unscrupulous behavior by Valeant, Pearson, Ackman, Paulson and other hedge funds manipulating the market could slam this through, irregardless that it is a horrible deal, for their potential short-term gain on their VRX stock. This needs to be stopped by either AGN or our regulators.
@gthcgd, it absolutely does not matter what information keeps coming out about Pearson / Ackman's unscrupulous behavior. Your $$ is tied to this so you will blindly worship them.
Glad our politicians are finally making an effort to intervene. Even aside from the corrupt behavior, this is bad for business and bad for our nation - no brainer.
@Carl. It's about time and thank goodness! This 'deal' stinks all around. Is corrupt, a bad deal, and bad for our nation. There is no other way to look at it. I hope our country does what is right and protects the strong, well run companies we do have and our workers. This is not a poor performing company they are subsidizing, unlike Valeant, this is a strong performing company, and unlike Ackman, actually provides value and innovation. Block this deal!
Pea-Ack stepped into a company that was bringing profit to its shareholders, and Pea-Ack are now trying to make decisions for the longs, employees, surrounding businesses, doctors, patients, future beneficiaries, American taxpayers... Don't see any problem with someone protecting the original shareholders and everyone else from a couple of robber barons.
Another 'mistatement' by Valeant in their reported numbers, this time numbers reported to the SEC themselves. Check out NYT / DealBooks article today: "Ackman’s S.E.C. Filing on Bid for Botox Maker Allergan Contains an Error."
It's 'interesting' how every day we find more and more of their stated numbers/statements to be untrue.
Correction, Paulson purchased 1,000,000 VRX shares on 3-31-14 (the exact date) at the price prior to the acquisition announcement. A small group of his guru buddies also made the purchase of VRX on that same day. Unless somebody does something, I am sure they will buy AGN soon.
'Ironically', George Soros sold out all of his AGN shares on that same day he bought his VRX shares...
I also wouldn't be surprised if you bought shares the same days as they did. By your comments it is obvious you are intricately tied to VRX in some way (relative perhaps???), and you very well could have received insider information as well.
Check out Novadel Pharma:
CEO Ratoff is a Venture Partner in ProQuest and on ProQuest behalf, took over CEO/Chairman position in Novadel by throwing out Novadel CEO at the time. Things went downhill since then. Now, he sold the entire company for a song and close it out.
Check out Vivus:
First Manhattan Company ( a hedge fund) took over Vivus when PPS was as high as $20/shr. Now, its PPS is at $5/shr.
Lesson learned is hedge fund is only good at shorting, destroying companies. When they try to takeover companies, they will screw up as they have no skills to run business.
Also very glad for the Senators support. I hope more and more of them step forward and that the Department of Justice and FTC do what is right.
@stern99 - there is nothing free market about this. As*man and Pearson are manipulating the system big time, this is not capitalism so I don't want to hear socialist garbage. Stop being enamored with robber baron billionaires.