Jana Partners LLC, the $11 billion hedge fund run by Barry Rosenstein, took a new stake in Valeant Pharmaceuticals International Inc and vastly increased its holdings of online auction site eBay Inc in the third quarter, according to a regulatory filing on Friday.Jana bought 1.284 million shares of Valeant, which has been trying to purchase Botox-maker Allergan Inc this year. But the hostile bid soon brought scrutiny from the U.S. Securities and Exchange Commission, which began looking at the potential deal in August.Jana added more than 12 million shares of eBay, bringing its total stake to 13.063 million shares.EBay this year bowed to pressure from activist investor Carl Icahn to spin off its PayPal payments service. The action is expected to give PayPal more flexibility to make deals in the rapidly evolving payments sector as growth in eBay's traditional e-commerce business slows.
Allergan, Inc. is a multi-specialty health care Company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. Shares of AGN traded higher by 1.24% or $2.44/share to $198.65. In the past year, the shares have traded as low as $94.98 and as high as $200.99. On average, 2312370 shares of AGN exchange hands on a given day and today's volume is recorded at 1420552.
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 0.02% or $-0.01/share to $54.36. In the past year, the shares have traded as low as $46.34 and as high as $59.70. On average, 13339400 shares of EBAY exchange hands on a given day and today's volume is recorded at 4903182.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX traded higher by 1.75% or $2.31/share to $134.21. In the past year, the shares have traded as low as $105.17 and as high as $153.10. On average, 2561060 shares of VRX exchange hands on a given day and today's volume is recorded at 2117625.
Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX traded higher by 0.88% or $1.32/share to $151.47. In the past year, the shares have traded as low as $110.26 and as high as $170.45. On average, 467244 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 359439.
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