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Latest Valeant Meltdown Over Probe Is More Pain For Ackman

by nypost.com posted 1year ago 212 views
What Valeant giveth, Valeant taketh away from Bill Ackman. Just two days after the embattled drug maker posted its biggest single-day gain, Valeant plunged on a report that federal prosecutors had opened a criminal probe into its relationship with specialty pharmacy Philidor. Ackman’s Pershing Square is Valeant’s biggest shareholder, with a 9 percent stake. Thursday’s...

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