Allergan Inc. ended its court battle with Valeant Pharmaceuticals International Inc. and Bill Ackman’s Pershing Square Capital Management LP over an attempted takeover of the maker of the facial wrinkle-fighter Botox.
The combatants on Thursday filed papers in Santa Ana, California, federal court in which Allergan dropped its lawsuit against Valeant and Pershing and they reciprocated by surrendering their claims.
Valeant, seeking to become one of the world’s biggest drug companies, formed a joint venture with Pershing Square a year ago to acquire a 9.7 percent stake in Allergan before going public with its plans to acquire the whole company.
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The combatants on Thursday filed papers in Santa Ana, California, federal court in which Allergan dropped its lawsuit against Valeant and Pershing and they reciprocated by surrendering their claims.
Valeant, seeking to become one of the world’s biggest drug companies, formed a joint venture with Pershing Square a year ago to acquire a 9.7 percent stake in Allergan before going public with its plans to acquire the whole company.
Help employers find you! Check out all the jobs and post your resume.
