RE:RE:one other thing would help Not sure if everyone else saw this on Valeant but I think this is contributing to the price decline today:
12:42 PM EST, 11/11/2015 (MT Newswires) -- Valeant Pharmaceuticals International's (VRX) shareholder Sequoia Fund said it contacted former employees of the mail order pharmacy Philidor Rx Services to find out more about the relationship with Valeant, the Wall Street Journal reported.
Sequioia Fund's manager, Ruane, Cunniff & Goldfarb Inc, said it paid the former employees hundreds of dollars for information and offered thousands more not to talk to anyone else, the WSJ said.
The report cited Ruane Cunniff president David Poppe as saying the fund performed its own due diligence on the relationship between Valeant and Philidor.
According to the Journal, 29% of Sequoia's portfolio was invested in Valeant and noted that Ruane Cunniff reported owning about 10% of the Valeant.