Ackman Apologizes For Valeant Losses, Calls Bet A Mistake

Reuters: Business News, Reuters: Business
Wed, 03/29/2017 - 3:31pm

BOSTON (Reuters) - Billionaire investor William Ackman told investors that betting on Valeant Pharmaceuticals International Inc was a "huge mistake" and apologized "deeply and profoundly" for losing so much of his shareholders' money on the investment.

Topics: boston reuters billionaire william ackman valeant pharmaceuticals international inc bet mistake

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Ackman Apologizes For Valeant Losses, Calls Bet A Mistake

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