Medicis Investor Sues To Halt $2.6B Valeant Buyout
Canada-based Valeant's $44 per share offer attempts to capitalize on a lull in Medicis' share price and performance due to "unwarranted media attention" surrounding Medicis CEO Jonah Shacknai, according to a suit filed in Delaware Chancery Court by Susan Omohundro-Wood.
In July 2011, Shacknai’s son died after falling down the stairs at the CEO’s San Diego-area mansion. The...
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