"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Wednesday, April 23, 2014

Allergan Invokes Poison Pill

By now everyone is aware that publicly traded Valeant Pharmaceuticals ($VRX) has teamed up with Bill Ackman to purchase Allergan (a private firm), the Botox producer.  Allergan has a "poison pill" documented from 2012.  Valeant spiked on the news and most of us are aware of Ackmans somewhat skeptical purchasing of options hand over fist:

Ackman Calls:

Ackman Total Trades:

Allergan had filed three separate documents for Poison Pills in 2012 according the SEC:

Allergan's Poison Pill from SEC in 2012: