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March 22 (Reuters) – Allergan Plc said on Friday that the chairman of its board would be an independent member as of the next transition to power.
The Appaloosa LP hedge fund, led by billionaire David Tepper, has repeatedly called for the separation of the roles of Chairman of the Board and Chief Executive Officer of the company.
The board of directors has formed a committee to oversee Mergers, Acquisitions, Disposals and other transactions of Allergan, the company said in a document filed in accordance with regulations. (Report of Saumya Sibi Joseph in Bengaluru, edited by Shailesh Kuber)
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