BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.
Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.
Aug 14- U.S. securities regulators are looking at the hostile takeover bid made by billionaire investor William Ackman and Valeant Pharmaceuticals for Botox maker Allergan Inc, a person familiar with the matter said on Thursday.
Aug 14- A hostile takeover bid by billionaire investor William Ackman and Valeant Pharmaceuticals International Inc to acquire Allergan Inc is being investigated by federal regulators for possible violations of securities laws, the Wall Street Journal reported, citing people familiar with the matter.
Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.
Securities regulators are looking into the joint bid by Valeant Pharmaceuticals and activist investor Bill Ackman for Allergan, Dow Jones reported.
Bill Ackman is planning to raise around $4 billion by listing a new investment vehicle in London, the FT reports.
Allergan rose $1.86 or 1.2 percent, to $154.90. Baxter International Inc. rose$. 69 or. 9 percent, to $74.96. Boston Scientific Corp. rose$. 11 or. 9 percent, to $12.48.
Allergan rose $2.11 or 1.4 percent, to $155.15. Baxter International Inc. rose$. 61 or. 8 percent, to $74.88. Boston Scientific Corp. rose$. 11 or. 9 percent, to $12.48.
Allergan rose $1.27 or. 8 percent, to $154.31. Baxter International Inc. rose$. 49 or. 7 percent, to $74.76. Boston Scientific Corp. rose$. 01 or. 1 percent, to $12.39.
CNBC's David Faber discusses just how hard hostiles are for companies to execute, after the canceled unsolicited bid between Time Warner and 21st Century Fox, and other companies recently. Faber provides an update on Valeant's battle for Allergan.
*Equities have come under pressure because of the problems between Russia and Ukraine, with the S&P 500 at one point down about 4 percent from a record closing high in late July. *The gain implied by futures came despite ongoing concerns about the region, with Ukraine reporting that Russia had massed 45,000 troops on its border.
Allergan fell $3.44 or 2.2 percent, to $153.39. Baxter International Inc. rose$. 30 or. 4 percent, to $74.20. Boston Scientific Corp. fell$. 07 or. 6 percent, to $12.26.
Allergan fell $3.20 or 2.0 percent, to $153.63. Baxter International Inc. rose$. 67 or. 9 percent, to $74.57. Boston Scientific Corp. rose$. 03 or. 2 percent, to $12.36.
When Rupert Murdoch and Masayoshi Son walked away from their deals last week, the moguls created a shock wave on Wall Street.
Allergan fell $1.69 or 1.1 percent, to $155.14. Baxter International Inc. rose$. 51 or. 7 percent, to $74.41. Boston Scientific Corp. fell$. 07 or. 6 percent, to $12.26.
Aug 8- The federal judge in California overseeing Allergan Inc's insider trading lawsuit against Valeant Pharmaceuticals and activist investor William Ackman has set an Aug. 20 hearing date to decide on a fast-track schedule for the case, according to court documents.
Some of Friday's midday movers:
The "Fast Money" traders share their final trades of the day.
Aug 6- Institutional Shareholder Services is backing activist investor Bill Ackman's call for a special meeting of Allergan Inc investors that could topple the company's board and increase the chances of a takeover by Valeant Pharmaceuticals International.