Just when you thought it was safe to BTFD, Valeant is re-crashing. After bouncing back yesterday afternoon, reportedly thanks to Ackman "buying millions more shares," news this morning that Quebec's regulator is watching the Valeant situation "very seriously" and said in a statement that the "allegations are worrisome" and is checking to see if Valeant didn't run afoul of regulations, has prompted more bloodbathery in the stock, now down over 16%.
..- *QUEBEC REGULATOR AMF COMMENTS ON VALEANT IN E-MAILED STATEMENT
- *QUEBEC'S AMF SAYS IT'S WATCHING VALEANT SITUATION VERY CLOSELY
- *VALEANT ALLEGATIONS ARE 'WORRISOME': QUEBEC REGULATOR AMF
- *AMF CHECKING TO SEE IF VALEANT DIDN'T RUN AFOUL OF REGULATIONS
Charts: bloomberg
