Valeant Shares Plunge As Ackman Exits Stake
Shares of Valeant Pharmaceuticals International plunged Tuesday following news that activist investor Bill Ackman exited the controversial drug company. Shares of the Canadian company dived 10.9 percent to $10.80 by midday after an announcement that Ackman’s hedge fund, Pershing Square Capital Management, sold its investment in the drug firm at a loss. In addition, Ackman … Read more