No­to­ri­ous ac­tivist in­vestor Carl Ic­ahn buys small stake in Al­ler­gan

Ac­tivist in­vestor Carl Ic­ahn has tak­en a small stake in Al­ler­gan, join­ing a grow­ing list of weighty share­hold­ers who could in­flu­ence the com­pa­ny’s strat­e­gy at a time when in­vestors are push­ing for changes.

With com­pe­ti­tion edg­ing in on its two top sell­ers — Botox and Resta­sis — Al­ler­gan $AGN has strug­gled to ap­pease its share­hold­ers with a plan of ac­tion. The com­pa­ny’s ef­fort to pro­tect its Resta­sis IP through the con­tro­ver­sial — and ul­ti­mate­ly failed — trib­al li­cens­ing strat­e­gy didn’t help mat­ters.

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