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JUN 13, 2014 - Yahoo! News

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Ackman seeks court ruling on Allergan special meeting

(Reuters) - William Ackman's Pershing Square Capital Management said it had filed a lawsuit seeking confirmation that a requested special shareholder meeting of Allergan Inc's shareholders would not trigger Allergan's poison pill takeover defense. The Botox maker has rejected a $53 billion joint offer from Ackman and Canadian drugmaker Valeant Pharmaceuticals International. Allergan said in April that its board had adopted a one-year shareholder rights plan to give it more time to consider takeover proposals. Allergan's shareholder rights plan will trigger if a person or ... Read More

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