Allergan backed by big-name investor Carl Icahn

1 June 2016

Leading US shareholder activist Carl Icahn has disclosed that he has acquired a “large position” in Ireland-domiciled Allergan (NYSE: AGN).

The move marks a show of support for the drugmaker, which has had a turbulent few months.

Allergan was the subject of an abandoned $160 billion tax inversion-based takeover by US pharma major Pfizer (NYSE: PFE) and is in the process of selling its generics business to Israel’s Teva Pharmaceutical Industries (NYSE: TEVA)

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