1. It Looks Like Bill Ackman Just Got A Huge Ally In His Fight For Botox-Maker Allergan

    It Looks Like Bill Ackman Just Got A Huge Ally In His Fight For Botox-Maker Allergan

    Reuters is reporting that billionaire hedge fund manager John Paulson has bought 6 million shares of Allergan, or about a 2% stake.

    They're also reporting that Paulson supports an Allergan/Valeant deal.

    Paulson, who is a closely-followed fund manager, could be a big ally for Bill Ackman.

    Back in April, Ackman, the activist investor who runs $12 billion Pershing Square Capital Management, teamed up with Valeant Pharmaceuticals to pursue a hostile takeover of Allergan, the maker of Botox.

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