BUZZ-Allergan Inc: Says it has been approached by another bidder

Mon Nov 3, 2014 12:07pm EST
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** Botox maker's shares up 1.4 pct at $192.70 in late morning trading

** Stock hits one-year high of $193.28

** Company says in a regulatory filing it has been approached by another party regarding a potential transaction

** Says board instructs company management not to disclose possible terms of the deal (

** Company is still fighting a takeover attempt by Valeant Pharmaceuticals International Inc and William Ackman's hedge fund, Pershing Square Capital Management

** Allergan shareholders will meet on Dec. 18 to vote on new directors put forth by Ackman and to open discussions on the deal

** Up to Friday's close, Allergan stock has gained 34 pct since Valeant first offered to buy the company in April