Faculty News

Prof. Roy Smith reacts to Allergan's release of Morgan Stanley's pitch emails

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Excerpt from Fortune -- "Roy Smith, a professor at NYU’s Stern School of Business, tells Fortune he is not surprised by Allergan’s release of the Morgan Stanley e-mails. Smith believes such tactics have the potential to garner Allergan a more attractive offer from Valeant, or even another buyer. 'If it causes some doubt among the Allergan shareholders that might be receiving this, then that’s not so bad,' he says."

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