Friday, February 15News That Matters

Appaloosa Steps Up Pressure on Allergan to Split Chairman, CEO Roles

Appaloosa Steps Up Pressure on Allergan to Split Chairman, CEO Roles

Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company’s sagging share price.

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