Allergan reports higher Q2 net and sales, to cut 1,500 jobs - - TopicsExpress

Allergan reports higher Q2 net and sales, to cut 1,500 jobs - Allergan Inc. (NYSE:AGN) edged higher in early trading after saying its second-quarter profit and sales rose, and it announced $475 million in cost cuts as the Botox maker is fighting off a hostile bid from Valeant Pharmaceuticals International Inc. (NYSE:VRX). Allergan inched up 0.5 percent to $168.21 at 9:32 a.m. in New York. The Irvine, California-based company said in a statement today that the reductio... ow.ly/2KsFD8

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