April 15- Two major shareholder advisory firms urged investors to vote against billionaire investor David Tepper's hedge fund demand that Allergan Plc immediately split the roles of chief executive officer and chairman, in a boost to the Botox maker. The recommendation from Institutional Shareholder Services LP and Glass Lewis& Co against the proposal of...
April 15- Allergan Plc said on Monday that proxy advisory firms Institutional Shareholder Services Inc and Glass Lewis& Co had urged its shareholders to vote against hedge fund Appaloosa Plc's proposal to immediately separate the drugmaker's chief executive officer and chairman roles. Appaloosa, led by billionaire David Tepper, has been pressing Allergan...
March 25- Activist investor Appaloosa LP said on Monday that Allergan Plc's board was doing "everything except what needs to be done" in a series of concessions the drug company announced last week in response to criticism from the hedge fund. A source close to Allergan told Reuters on Friday that current Chairman and CEO Brent Saunders, 49, has no plans to step...
March 22- Allergan Plc on Friday agreed to split its chairman and chief executive roles, but only at its next leadership change, as the drugmaker pushed back against claims from activist hedge fund Appaloosa LP that an independent chair could help current CEO Brent Saunders boost the company's sagging share price. The Botox maker announced the change in its...
March 22- Allergan Plc plans to elect an independent board chairman, starting with the next leadership transition, the Botox maker said on Friday, as the drugmaker responds to calls from hedge fund Appaloosa LP to separate the roles of chairman and chief executive officer. Appaloosa, led by billionaire David Tepper, has been pressing Allergan since last year to...
March 7- Hedge fund Appaloosa LP on Thursday repeated its call for an independent chairman at Allergan Plc, after the Botox producer revealed that one of its drugs had failed three clinical studies. Allergan announced on Wednesday that rapastinel, its depression treatment, had failed to meet clinical goals in three late-stage trials, spurring concerns among...
Allergan said its experimental add-on treatment for depression failed three late-stage studies, casting doubts over its drugs pipeline.
Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board, just hours after the Botox maker announced it had added a former industry...
Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board, just hours after the Botox maker announced it added a former industry executive...
Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc and said on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board on Tuesday, just hours after the Botox maker announced it added a former...
NEW YORK, Feb 14- Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday. Activist hedge fund Jana Partners sold out of its position in major Chinese e-commerce...
CNBC's Leslie Picker follows the money and reports on Appaloosa's David Tepper as he submits his letter to shareholders upping the pressure on Allergan.
BOSTON, Feb 5- Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company's sagging share price. Appaloosa's billionaire founder David Tepper turned up the heat on the Botox maker one week after the company...
BOSTON, Feb 5- Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan PLC to split its chairman and chief executive roles, arguing that an independent chair could help boost the company's sagging share price. Appaloosa's billionaire founder David Tepper turned up the heat on the maker of Botox one week after the company delivered...
The hedge fund manager recommends that the drug company jump-start the business with new strategies.
Feb 5- Hedge fund Appaloosa LP has urged Allergan Plc's board to separate the roles of chairman and chief executive officer, it said on Tuesday, a year after making a similar effort. The David Tepper-led hedge fund has a 0.59 percent stake in the drugmaker, according to Refinitiv data. Last week, Allergan shelved plans to sell its women's health business, which it had...
PG&E's stock added to its abysmal three-month slide Tuesday as the former hedge fund favorite prepares for bankruptcy.
Last week's big sell-off and Monday's stock drop presented an opportunity, the hedge fund manager tells CNBC.
Hedge fund titan David Tepper says the Federal Reserve is sending the market a message, and it's not a good one.
U.S. stocks swooned again on Thursday after the Fed raised interest rates and said that it would continue to let its balance sheet shrink
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