Valeant Pharma (VRX) CFO Buys 24K Shares

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Valeant Pharma (VRX) Director De Schutter Buys 10K Shares

March 16, 2017 5:17 PM EDT

Valeant Pharma (NYSE: VRX) Director, Richard De Schutter, bought 10,000 shares on 03/15 at $10.80

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Valeant Pharma (VRX) Pops 5% After-Hours Following 3M Share Purchase by ValueAct, Holding a 5.2% Stake

March 16, 2017 5:07 PM EDT

Valeant Pharma (NYSE: VRX) up 5% after-hours following news ValueAct purchased 3mm shares of the company.

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ValueAct Buys 3M Valeant Pharma (VRX) Shares

March 16, 2017 4:35 PM EDT

ValueAct disclosed buying 3 million Valeant Pharma (NYSE: VRX) shares.

Shares were purchased on 03/14 at $10.81-$10.88 and follows Bill Ackman's recent liquidation of his position.

The latest purchase brings ValueAct's stake in Valeant to 17,997,224 shares, or 5.2%.

From ValueAct's related 13D:

The Reporting Persons acquired the securities of the Issuer reported herein based on their belief that the securities were undervalued and represented an attractive investment opportunity.

D. Robert Hale, a Partner of ValueAct Holdings and ValueAct Holdings GP, serves on the board of directors of the... More