Scalper1 News
Shares of Zoetis (ZTS) on Friday more than erased all of Thursday’s 11.4% surge on talk that Valeant was eyeing the animal-health company. Zoetis shares plummeted 12.2% to 48.62 in the stock market today. Activist investor Bill Ackman’s hedge fund, Pershing Square, is the company’s largest shareholder, with an 8.5% stake. Valeant Pharmaceuticals (VRX) reportedly made a preliminary approach to acquire the animal-health company, said the Wall Street Scalper1 News
Scalper1 News