April 8, 2016 / 2:32 PM / 2 years ago

BUZZ-Valeant shares stumble, but still set for big week

** U.S.-listed shares of Valeant Pharmaceuticals International fall as much as 4.9 pct on Friday morning before paring some losses

** Investor William Ackman says Valeant not selling Bausch & Lomb unit, and only considering selling non-core assets, CNBC reported late on Thursday

** Even with Friday’s declines, Valeant shares still up more than 23 pct for week, set for biggest weekly percentage gain since Jan 2011

** Shares benefiting this week as drugmaker said lenders agreed to give company extra month to file annual report, while Ackman offered a more optimistic outlook for Valeant

** However, shares of embattled drugmaker still have lost two-thirds of their value this year, and are off 87 pct from their record high of $263.81 hit last August Chart: bit.ly/23oWezS

Reporting by Lewis Krauskopf

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below