Back in 2015, billboard mogul Drew Katz sent Bill Ackman an e-mail. Was he sure he wanted to be in business with these Valeant creeps? As a board member of the Wilson Disease Association, Katz knew that Valeant was ripping people off on Wilson Disease drugs, and thought Ackman should know. Also, Katz may have written in the post-script, he was trying to unload a Greenwich Village flat for a song. Perhaps Bill the penthouse-flipper might be interested? He could cover the $17 million easily if he just sold those Valeant shares, then trading for $150-ish.
Katz’s penthouse at 420 West Broadway went into contract, after languishing on the market for nearly a year. An anonymous LLC picked up the unit for $17 million. Multiple sources familiar with the transaction told The Real Deal that Ackman was the buyer.