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DewDiligence

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DewDiligence

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Re: DewDiligence post# 177847

Tuesday, 05/13/2014 1:11:28 PM

Tuesday, May 13, 2014 1:11:28 PM

Post# of 257253
The VRX/Pershing hostile offer for AGN is getting more and more innovative. VRX/Pershing plan to convene a “mock” meeting of AGN shareholders to allow them to informally express an opinion on the merger offer. A mock shareholders meeting—as opposed to a real one—avoids triggering AGN’s poison pill, which would go into effect if Pershing were to formally join with other AGN shareholders in requesting a special meeting of AGN’s shareholders.

More color on the machinations:
http://www.bloombergview.com/articles/2014-05-12/bill-ackman-will-hold-a-pretend-allergan-shareholder-meeting

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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