Bill Ackman’s Got A Fever And The Only Prescription Is More Takeovers

Ackman, who has teamed up with Canadian pharmaceutical company Valeant to launch a $45.6 billion takeover of Botox maker Allergan, warned drugmakers Tuesday that he plans to go on a little buying spree. “This is not the last deal we’re going to do,” he said. “We’re already talking about the next deal we’re going to do with Valeant.” “There are $10 trillion worth of targets,” said Ackman, referring to the combined market cap of the pharmaceutical industry. “I call this the shopping list.” [NYP]

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6 Responses to “Bill Ackman’s Got A Fever And The Only Prescription Is More Takeovers”

  1. Bonor in the front says:

    I keep having this nightmare that I offer to buy Bess a drink. The only problem is I forget if she asked for a regular mojito or a strawberry mojito.

  2. Guest says:

    Is Ackman running a Vanity fund? Herbalife, botox…. what's next? The silicon boob maker?

    • Guest says:

      Already has that covered with Allergan –

      "As a leader in the medical aesthetics industry, Allergan is committed to providing the highest quality education to women considering breast aesthetic surgery so that she, along with her surgeon, can make an informed and educated decision about what is right for her. Looking ahead, we will continue to lead the science-based innovation in the area of breast aesthetics by offering women and their surgeons more options with additions to our extensive collection of high-quality breast implant devices."

    • Turnip Truck says:

      Don't forget all the zit creams Valeant owns after buying Medicis.

  3. St. Copious says:

    Trying to think of any $40+ billion deals (even inflation adjusted) that had a happy ending for anyone but the bankers and lawyers…

    • Guest says:

      Some of the big oil deals: Exxon – Mobil, Chevron – Texaco. Some of the big telecom deals: SBC-Ameritech and AT&T-Bell South to form the current AT&T, Bell Atlantic-GTE to form the current Verizon.

      You are correct that most haven't gone well, though.