As the world watches and waits for Valeant Pharmaceuticals Intl Inc VRX 2.04%‘s next move, activist investor and new Valeant board member Bill Ackman says the move will not involve the sale of Bausch & Lomb. Ackman cleared up the Bausch & Lomb issue in an interview with CNBC following reports by FOX Business Network’s Charlie Gasparino that Valeant is “actively discussing” a Bausch & Lomb sale.
“It’s a core asset,” Ackman said of Bausch & Lomb. “We’re only considering selling non-core assets.”
As recently as March 9, prior to joining the board, Ackman raised the possibility of Valeant selling Bausch & Lomb, calling it a “very valuable standalone business” in a Bloomberg interview.
Ackman’s Valeant losses, including a reported $1 billion paper loss in one day last month, have been highly-publicized. However, Ackman’s commitment to the bull case for Valeant has never wavered. Ackman told…
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