Ackman Welcomes SEC Probe As IRS Targets Valeant - Hedge Fund Alpha (formerly ValueWalk Premium)
CREW Herbalife Ltd. HLF Bill Ackman speaking

Ackman Welcomes SEC Probe As IRS Targets Valeant

Bill Ackman welcomes a Securities and Exchange investigation into Pershing Square Capital Management LP and its involvement with Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) in the hostile takeover bid of Allergan, Inc. (NYSE:AGN). Ackmanstands by his action Ackman says there was nothing wrong with the tactics and stands by his actions. “There is nothing illegal, unethical, or improper in taking a toehold position before a merger is proposed, even if it is not wanted by the target’s management,” a Pershing statement said, quoted on Bloomberg.  “We welcome the SEC’s review of the facts.” Not only does he think the issue is...

This content is exclusively for paying members of Hedge Fund Alpha

Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Get Started Now with a FREE 7-Day Trial🔻

If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.

Saved Articles