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Exclusive: Ackman's Pershing Square makes $3.3 billion bet on Valeant
2015-03-09 20:52:30| Biotech - Topix.net
Hedge fund mogul William Ackman has purchased a $3.3 billion stake in Valeant Pharmaceuticals International , making his firm the drug company's fifth-largest stakeholder, a source familiar with the matter said on Monday. Ackman's $20 billion Pershing Square Capital Management began building up the 5 percent stake in the Canadian drug maker this year, only months after his vocal effort to help Valeant buy Botox-maker Allergan failed.
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Category:Biotechnology and Pharmaceuticals