Watch out, Allergan. Activist investor David Tepper won approval to push a shake-up

Watch out, Allergan. Activist investor David Tepper won approval to push a shake-up

Source: 
Fierce Pharma
snippet: 

Activist investor David Tepper won a Federal Trade Commission approval on Thursday that would allow him to agitate for change at Allergan, Wells Fargo analyst David Maris reported in a note to investors. Tepper’s Appaloosa Management and Palomino Fund snagged the approval after Appaloosa boosted its Allergan holdings to 3.7 million shares to become the company’s 15th largest investor, Maris said.