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TMCNet:  Allergan Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate the Acquisition Proposal from Valeant Pharmaceuticals

[May 06, 2014]

Allergan Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate the Acquisition Proposal from Valeant Pharmaceuticals

DALLAS --(Business Wire)--

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Allergan, Inc. ("Allergan") (NYSE: AGN (News - Alert)) concerning the board's receipt of an unsolicited acquisition proposal from Valeant Pharmaceuticals International Inc. Under the acquisition proposal, valued at approximately $46 billion, Valeant intends to commence a tender offer to acquire all of the outstanding shares of Allergan common stock. The consideration, which includes $48.30 in cash and 0.83 shares of Valeant, values Allergan at approximately $12.88 per share. Since the announcement of the proposal, Allergan stock has jumped to $169.95 and according to an analyst's opinion, Allergan could be worth as much as $200 per share.


If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to the determination of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

The investigation centers on whether Allergan's Board of Directors is acting in the shareholders' best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes that the true inherent value of the stock could be as high as $200 per share.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.


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