Valeant Pharmaceuticals International, Inc. VRX
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Single-page administrative press release dated 25 April 2016 from Pershing Square IR (Amsterdam) forwarding Valeant's announcement that Joseph C. Papa was appointed Chairman and CEO. No thesis, no argumentation, no quantification — purely a procedural notification pointing investors to Valeant's own press release. Signed generically by 'Pershing Square IR' (ir@persq.com) rather than Ackman. Part of the ongoing Valeant campaign (Pearson-to-Papa succession) but contains no stand-alone investment case.