Actavis Chairman Joins Zoetis Board In Deal With Ackman’s Fund

Zoetis added Actavis Chairman Paul Bisaro as a second independent director under a deal the animal health products company reached with Bill Ackman’s hedge fund in February. At that time, Zoetis added William Doyle, a Pershing Square Partner, to its board. Ackman won two board seats at Zoetis As highlighted by ValueWalk in February, Bill Ackman’s Pershing Square Capital Management won two seats on the board of Florham Park, N.J.-based Zoetis. Last November, Ackman first unveiled his investment in Zoetis. Responding to the activist’s investment, Zoetis’s board of directors adopted a one-year shareholder rights plan, also known as a “poison pill.” As…