DEFA14A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

 

 

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Allergan, Inc.

(Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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The following statement was provided by Allergan, Inc. (“Allergan”) in response to media inquiries regarding the letter delivered by William Ackman of Pershing Square Capital Management, L.P. (“Pershing Square”) to the Allergan Board on July 16, 2014:

“Pershing Square’s letter to the Allergan Board is not based on facts, and is rooted purely in self-interest and innuendo. Mr. Ackman is simply trying to distract Allergan stockholders from the fact that the Valeant proposal is grossly inadequate and substantially undervalues Allergan.

Mr. Ackman’s economic interests are directly aligned with those of Valeant stockholders. Pershing Square has agreed to exchange its shares of Allergan for a fixed number of Valeant shares, and therefore Pershing Square benefits (to the detriment of all other Allergan stockholders) if Valeant pays less for Allergan. Mr. Ackman is clearly interested in providing only self-serving negotiating advice while the Allergan Board is focused on pursuing the most attractive course of action for all Allergan stockholders.”