1. Why would the managers and board members at Allergan not want to sell for a price so much higher than the market price? Why would they seek out an alternative merger partner?

2. Look up the companies involved in this story on the Internet. How have their share prices moved since the events of 2014? Has Valeant bought any other companies?

3. How would a small business owner go about buying a competitor or any other company? What would the procedures be? Is a hostile takeover possible when dealing with a sole proprietorship? What about a partnership of three equal owners?