Tag: from-hostile
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Allergan expands buyback to $15 billion, sets first quarterly dividend
The drugmaker said it was initiating a regular quarterly cash dividend of 70 cents per share. The company was created when Dublin-based Actavis bought the Botox maker in March 2015, snatching it from hostile bidder Valeant Pharmaceuticals Inc , and taking on the Allergan name. Allergan Chief Executive Brent Saunders has orchestrated a string of…
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Toll rises to 17 in Pakistan oil tanker fire, many more feared dead
By Gul Yusufzai QUETTA, Pakistan (Reuters) – Pakistani firefighters were battling on Wednesday to douse a fire still raging more than a day after a series of explosions on a decommissioned oil tanker, with the death toll rising to 17, and more than 20 workers missing, officials said. Tuesday's initial blast occurred as workers were…
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VW says will quit world rallying championship in 2017
Volkswagen said it will pull out of the world rally championship at the end of the season in 2017 as part of a strategic shift to help overcome its emissions scandal. “The VW brand is facing tremendous challenges,” VW brand R&D chief Frank Welsch said on Wednesday, citing the carmaker's push into zero-emission technology. Top…