Report
Michael Waterhouse

Allergan's Depressed Stock Price Drawing Activist Attention

Media reports suggest that activist Carl Icahn, who has a history working with CEO Brent Saunders during his tenure at Forest Laboratories, has taken an undisclosed position in Allergan. This follows a letter from Appaloosa Management and Senator Investment Group earlier this week addressing the lack of investor confidence in the name and recommended changes, including separating the CEO and chairman roles. Given the company's depressed stock price, we're not particularly surprised to see activi...
Underlying
Allergan plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Michael Waterhouse

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