Allergan backed by big-name investor Carl Icahn
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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