Billionaire Investor Takes Large Allergan Stake

Jun 01, 2016

Billionaire investor Carl Icahn has taken a large stake in Allergan and voiced his support for CEO Brent Saunders.

According the Icahn's public statement, "We (Icahn Enterprises) have every confidence in Brent’s ability to enhance value for all Allergan shareholders."

The Allergan investment was Carl Icahn’s first new position of 2016. Bloomberg columnists have pointed out that rival activist Bill Ackman has a large stake in Allergan rival, Valeant and have compared the two investments.


Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments