Thanks, Dan
Question - it seems like Valeant is under a lot of pressure right now with the market and their shareholders...this can't be going well.
Is anything you're reading now (Value Act etc) the potential beginning of the retreat to higher grounds. And if they did retreat - what happens with ackman as well as the tender offers.
A feeling i have is that they can't do this forever so when ackman gets his 25% either they will increase their offer or walk away, promising to come back when Bill figures out the board
What are your thoughts on how Valeant can survive current conditions versus walk temporarily etc