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BRIEF-Pershing Square Capital sells investment in Valeant Pharmaceuticals

Published 2017-03-13, 05:09 p/m
© Reuters.  BRIEF-Pershing Square Capital sells investment in Valeant Pharmaceuticals
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March 13 (Reuters) - Pershing Square (NYSE:SQ) Capital Management Lp IPO-PERS.L

* Pershing Square Capital Management, L.P. announces sale of its investment in Valeant Pharmaceuticals (NYSE:VRX) International, Inc.

* Pershing Square-CEO Bill Ackman, Vice Chairman Steve Fraidin to remain on Valeant board until upcoming annual meeting, will not stand for re-election

* Pershing Square Capital Management says at its current market value, valeant position represented 1.5 percent to 3 percent of various Pershing Square funds Source text for Eikon: ID:nBw7KVCN1a Further company coverage: IPO-PERS.L

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