Paulson & Co Amasses Large Stake In Allergan - Sources

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Paulson & Co Amasses Large Stake In Allergan - Sources

by Wochit 0:46 mins

Paulson & Co Amasses Large Stake In Allergan - Sources

by Wochit 0:46 mins

Hedge fund Paulson & Co has amassed a large stake in Allergan Inc of more than 6 million shares and is supportive of a deal between the Botox maker and Valeant Pharmaceuticals Inc, people familiar with the matter on Wednesday. Paulson's new position in Allergan could give Valeant a boost, as the company tries to drum up support from at least 25 percent of Allergan shareholders so that it can call a special meeting.

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