This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.theguardian.com/business/2016/jun/01/carl-icahn-buys-stake-botox-maker-allergan-dublin
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Carl Icahn buys stake in Botox-maker Allergan | Carl Icahn buys stake in Botox-maker Allergan |
(35 minutes later) | |
The billionaire US investor Carl Icahn said on Tuesday he had bought a big stake in Dublin-based Botox-maker Allergan. | |
Icahn, who little more than a month ago ditched his entire stake in Apple, did not disclose the extent of his purchase but said he had “acquired a large position”. He announced his investment on Twitter expressing support for Allergan’s chief executive, Brent Saunders. | |
Icahn targets companies he believes are undervalued. On his Twitter feed he says: “Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.” | Icahn targets companies he believes are undervalued. On his Twitter feed he says: “Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.” |
Allergan said it had “no reason to believe” Icahn wants to influence management or control the company. | Allergan said it had “no reason to believe” Icahn wants to influence management or control the company. |
The investment comes after the Irish company and US drugmaker Pfizer scrapped plans to combine in a $160bn deal, after the US Treasury Department created rules aimed at blocking American companies from moving corporate addresses overseas to reduce their domestic tax bills. | The investment comes after the Irish company and US drugmaker Pfizer scrapped plans to combine in a $160bn deal, after the US Treasury Department created rules aimed at blocking American companies from moving corporate addresses overseas to reduce their domestic tax bills. |
Icahn sold his Apple stake after the company announced its first decline in quarterly sales for 13 years. | Icahn sold his Apple stake after the company announced its first decline in quarterly sales for 13 years. |
Previous version
1
Next version