Before Valeant Overhaul, Ackman Met Investors at Brainstorming Event

(Reuters) Six weeks before Valeant Pharmaceuticals International Inc revealed plans to reorganize and pay down debt, similar ideas to improve the drugmaker’s fortunes were discussed at a private shareholder dinner attended by top investor and board member William Ackman, according to a source who participated. Bank of America hosted the June 29 event, billed as Valeant: a Bull/Bear dinner, at the Lincoln Ristorante in Manhattan, according to two people who saw the invitation.

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