Ackman Love Letter To Allergan This Morning Shows Desire

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Mark Melin
Published on
Updated on

Earlier this morning, Bill Ackman sent a love letter to the Allergan board of directors to which Allergan, Inc. (NYSE:AGN) has responded, as exclusively reported in ValueWalk. “We have read your recent SEC filings and published reports which state that you are negotiating a potential merger transaction with a third party, widely reported to be Actavis plc (NYSE:ACT),” the letter starts, as Ackman immediately addresses the elephant in the room: the other lover.  Yesterday in Chicago Ackman seemed perturbed at the object of his desire, saying he wanted the CEO of Allergan to be fired. Today, the tone is more…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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