No, he pays his partner $389 million. He makes $2.2. billion *after* that.
Posted by
spamlet
Nov 18 '14, 15:01
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However, Mr. Ackman and, to a lesser extent, Valeant found a backdoor way to win: Having acquired 9.7 percent of Allergan’s stock before they made their takeover bid — which put the company in play — Mr. Ackman’s fund now stands to collect $2.6 billion. He will share 15 percent of the profits with Valeant, or $389 million, leaving him with a tidy profit of $2.2 billion.
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