Allergan: Unwelcome Guests?
Appaloosa and Senator sent letter to company requesting corporate changes that are rearview mirror leaning. The activists are right that a more focused and nimble company is needed to achieve better results. The company already has a plan that needs focus and any disruption from activists could be a negative on the existing plan for higher EPS targets in 2019/2020. Allergan ( AGN ) is down 50% from all-time highs back in 2015 so understandably activists are agitating for changes. The time to make those moves was a few years back while now the biopharma needs to execute on the initiatives already set forward by the CEO. Read the full article on Seeking Alpha. Disclosure: Long AGN. Please review the disclaimer page for more details.