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.
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The following statement was provided by Allergan, Inc. in response to media inquiries regarding the early termination notice of the Federal Trade Commission regarding the sale by Valeant Pharmaceuticals International, Inc. (Valeant) of its filler and toxin assets to Nestle S.A.:
This disposition is a desperate attempt by Valeant to disassociate itself from the rapid performance decline of the Medicis business injectable products. The poor performance of those products under Valeant is a striking example of the weaknesses of the Valeant model of rapid acquisitions, underinvestment and restructurings. Valeant should make a full disclosure of the poor performance that it hinted at in its June 18, 2014 Form S-4 filing with the SEC where Valeant reported that Medicis product revenue appears to be declining rapidly (page 83).