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Ackman’s fund sells 5 million Valeant shares to generate tax loss

BOSTON (Reuters) – Billionaire investor William Ackman said on Thursday he sold about 5 million shares in drug company Valeant International in order to generate a tax loss as investors in his Pershing Square Capital Management face the biggest loss in the company’s history.

    

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Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300