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Published on 5/18/2009 in the Prospect News Special Situations Daily.

ValueAct reports 19.3% ownership interest in Valeant Pharmaceuticals

By Lisa Kerner

Charlotte, N.C., May 18 - Investors led by ValueAct Master Fund, LP bought 56,264 shares of Valeant Pharmaceuticals International on May 15 priced from $19.75 to $19.89 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Between May 7 and My 14, ValueAct bought 2,535,639 shares of the company's stock, a prior SEC filing said.

The investors beneficially own 15,833,193 shares or 19.3% the Costa Mesa, Calif., specialty pharmaceutical company.


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