March 14th, 2017

Vicki Bryan on Bloomberg says: 

“The hits just keep comin’ for Valeant,” Gimme Credit LLC bond analyst Vicki Bryan, who advises selling the bonds, said in a note to clients.

Ackman’s exit follows last week’s surprise decision to restructure its bank debt, and it now looks even more unlikely that Valeant will be closing any sizable asset sales in the near future, Bryan wrote.

---