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Ackman's Pershing Square Sees Big Payoff From Allergan Deal

2014-11-26 18:46:10| Biotech - Topix.net

Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest investor, still owns 26.6 million shares.

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Category:Biotechnology and Pharmaceuticals

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