(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.
Before Valeant Overhaul, Ackman Met Investors at Brainstorming Event
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