Avid Bioservices Inc (CDMO)

[r622102675]

Who said the hedge funds and BP couldn't manipulate events(legal or not)...this really bothers me... "But the proposed acquisition, the first of its kind, also raises pressing questions about how activists and corporations work together and how companies defend themselves against hostile bidders. It also opens up potential new conflicts of interest.

Regulatory filings show that over the last two months, PS Fund 1, a part of Mr. Ackman’s Pershing Square Capital Management, has been acquiring shares of Allergan, the maker of Botox and other cosmetic drugs based in Irvine, Calif. During that time, Pershing Square amassed a 9.7 percent stake in Allergan, worth more than $4 billion.

But Mr. Ackman was not acting alone. Valeant, a health care company based in Quebec that is worth $42 billion, had agreed to pursue a joint bid for Allergan alongside Pershing Square. Valeant contributed $76 million to PS Fund 1, filings show, and committed to work with Pershing Square on a joint bid for all of Allergan."
http://dealbook.nytimes.com/2014/04/21/william-ackman-and-drug-maker-prepare-bid-for-botox-maker/ ..imao...r