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from Barron's...
Citing unnamed sources, the WSJ reports that Ackman could be setting up Zoetis as a “a fallback plan” for Valeant Pharmaceuticals (VRX) if it fails to buy Allergan (AGN)
Ackman informed Zoetis of the stake in a phone call, the company said in a statement, without providing further details. Another fund, Sachem Head Capital Management LP, raised its stake to about 1.6 percent in partnership with Pershing Square to increase shareholder returns at the company, according to a Pershing Square statement yesterday.
Citing unnamed sources, the WSJ reports that Ackman could be setting up Zoetis as a “a fallback plan” for Valeant Pharmaceuticals (VRX) if it fails to buy Allergan (AGN)
Ackman informed Zoetis of the stake in a phone call, the company said in a statement, without providing further details. Another fund, Sachem Head Capital Management LP, raised its stake to about 1.6 percent in partnership with Pershing Square to increase shareholder returns at the company, according to a Pershing Square statement yesterday.