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Value Investor Wally Weitz Sells Off Remaining Valeant Holding

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Wally Weitz. Photographer: Daniel Acker/Bloomberg

Wally Weitz, a value investor from Warren Buffett’s home town of Omaha, Nebraska, said his firm exited its remaining investment in Valeant Pharmaceuticals International Inc.

“Recent developments about the company’s pharmacy relationships, pricing policies and business practices led us to sell our remaining shares in late October,” Weitz’s firm, Weitz Investment Management, said in a statement posted Monday on its website.

Valeant, the once high-flying stock that’s a longtime darling of star money managers including Bill Ackman, has lost more than half its value since...


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