Advertisement
Canada markets open in 6 hours 2 minutes

  • S&P/TSX

    21,728.55
    +14.01 (+0.06%)
     

  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     

  • DOW

    37,903.29
    +87.37 (+0.23%)
     

  • CAD/USD

    0.7292
    +0.0011 (+0.14%)
     

  • CRUDE OIL

    79.52
    +0.52 (+0.66%)
     

  • Bitcoin CAD

    79,144.31
    -116.73 (-0.15%)
     

  • CMC Crypto 200

    1,266.80
    -3.94 (-0.31%)
     

  • GOLD FUTURES

    2,319.20
    +8.20 (+0.35%)
     

  • RUSSELL 2000

    1,980.23
    +6.32 (+0.32%)
     

  • 10-Yr Bond

    4.5950
    -0.0910 (-1.94%)
     

  • NASDAQ futures

    17,541.75
    +103.50 (+0.59%)
     

  • VOLATILITY

    15.39
    0.00 (0.00%)
     

  • FTSE

    8,143.55
    +22.31 (+0.27%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6798
    +0.0005 (+0.07%)
     

Valeant CEO 'disappointed' in Allergan poison pill: CNBC

Reuters
A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset, New York September 30, 2010. REUTERS/Shannon Stapleton

(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill.

Allergan on Tuesday night said its board of directors had adopted a one-year stockholder rights plan to give it more time to consider takeover proposals. The Valeant offer was made with Pershing Square Capital Management hedge fund, which built up a stake in the company.

"We are disappointed but on the other hand, I think this deal will get done," Valeant CEO Michael Pearson said on Wednesday.

(Reporting by Caroline Humer; Editing by Chizu Nomiyama)