It Looks Like Bill Ackman Just Got A Huge Ally In His Fight For Botox-Maker Allergan
Reuters is reporting that billionaire hedge fund manager John Paulson has bought 6 million shares of Allergan, or about a 2% stake.
They're also reporting that Paulson supports an Allergan/Valeant deal.
Paulson, who is a closely-followed fund manager, could be a big ally for Bill Ackman.
Back in April, Ackman, the activist investor who runs $12 billion Pershing Square Capital Management, teamed up with Valeant Pharmaceuticals to pursue a hostile takeover of Allergan, the maker of Botox.
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