SOHN: Pershing’s Bill Ackman Reiterates Valeant Long
2015-05-04 22:10:35.917 GMT
By Joshua Fineman
(Bloomberg) -- Valeant has “plenty of room” to do more
deals, Pershing Square’s Bill Ackman said at Ira Sohn conf.
* Says VRX worth >$330/shr currently
* Says VRX is early-stage Berkshire Hathaway; Berkshire has
been “continually undervalued”
* NOTE: March 25, VRX Holder Pershing Has 5.7% Stake;
Expects Talks on Acquisition
* NOTE: March 25, VRX Holder Pershing Has 5.7% Stake;
Expects Talks on Acquisition</li></ul>
* Says Jarden “perpetually undervalued”
* Reiterates Platform Specialty long
* NOTE: Pershing owned 43m PAH shrs as of Dec. 31, biggest
holder: Bloomberg data
* NOTE: Pershing owned 43m PAH shrs as of Dec. 31, biggest
holder: Bloomberg data</li></ul>
* JAH up 5.4% post-mkt
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Joshua Fineman
2015-05-04 22:10:35.917 GMT
By Joshua Fineman
(Bloomberg) -- Valeant has “plenty of room” to do more
deals, Pershing Square’s Bill Ackman said at Ira Sohn conf.
* Says VRX worth >$330/shr currently
* Says VRX is early-stage Berkshire Hathaway; Berkshire has
been “continually undervalued”
* NOTE: March 25, VRX Holder Pershing Has 5.7% Stake;
Expects Talks on Acquisition
* NOTE: March 25, VRX Holder Pershing Has 5.7% Stake;
Expects Talks on Acquisition</li></ul>
* Says Jarden “perpetually undervalued”
* Reiterates Platform Specialty long
* NOTE: Pershing owned 43m PAH shrs as of Dec. 31, biggest
holder: Bloomberg data
* NOTE: Pershing owned 43m PAH shrs as of Dec. 31, biggest
holder: Bloomberg data</li></ul>
* JAH up 5.4% post-mkt
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Joshua Fineman