{"id":46622,"date":"2015-02-24T08:38:04","date_gmt":"2015-02-24T13:38:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=46622"},"modified":"2015-02-24T08:38:04","modified_gmt":"2015-02-24T13:38:04","slug":"billionaire-john-paulson-backs-valeants-takeover-of-salix-pharmaceuticals-amid-consolidation-bet","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2015\/billionaire-john-paulson-backs-valeants-takeover-of-salix-pharmaceuticals-amid-consolidation-bet.html","title":{"rendered":"Billionaire John Paulson Backs Valeant&#8217;s Takeover Of Salix Pharmaceuticals Amid Consolidation Bet"},"content":{"rendered":"<p>Forbes &#8211; Paulson &amp; Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking a top position in Salix.<\/p>\n<p>The hedge fund called Sunday\u2019s deal \u201cvery accretive to Valeant,\u201d while it also said the merger \u201cremoves near term uncertainty for Salix.\u201d In recent months, Paulson &amp; Co. took an accounting restatement by Salix as an opportunity to build a leading 9.11% stake in the drug maker. The John Paulson-run hedge fund also holds 520,700 Valeant shares.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/antoinegara\/2015\/02\/23\/hedge-fund-paulson-co-applauds-158-a-share-valeant-deal-for-salix-pharmaceuticals\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Paulson &amp; Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46622","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=46622"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46622\/revisions"}],"predecessor-version":[{"id":46623,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46622\/revisions\/46623"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=46622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=46622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=46622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}