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Ackman: Partnership with Valeant is not front running

Wednesday, 23 Apr 2014 | 7:48 AM ET

William Ackman, Pershing Square Capital Management, explains how his partnership with Valeant is structured. And J. Michael Pearson, Valeant chairman & CEO, discusses why he partnered with Ackman instead of pursing Allergan alone. Creating shareholder value is our job, says Pearson.