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

1 Faculty News June 16, 2014 ![Fortune logo](/sites/default/files/styles/246w/public/assets/images/con_031172.jpg?itok=61CxYB-R)>

Excerpt from [Fortune](http://fortune.com/2014/06/16/morganstanley-valeant-allergan/) -- "[Roy Smith](http://www.stern.nyu.edu/faculty/bio/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."

[Read more](http://fortune.com/2014/06/16/morganstanley-valeant-allergan/)