On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
64° Feels Like: 64°
Wind: ESE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Cloudy 75°

Tonight

Thunderstorms Late 63°

Tomorrow

Thunderstorms 84°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Valeant calls its shareholders to a special meeting

(Reuters) - Valeant Pharmaceuticals International on Wednesday said it had called a special meeting for its shareholders to approve the issuance of new shares, another step in its pursuit of Botox maker Allergan Inc.

Valeant's multiple offers for Allergan have been rebuffed and the company is proceeding with a hostile takeover. It has taken its $53 billion offer, made jointly with Pershing Square Capital Management head William Ackman, directly to shareholders through a separate proxy solicitation to Allergan investors.

(Reporting by Caroline Humer)

Comments