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CNBC Power Lunch April 22, 2014

Novartis, lily in a strings of multibillion dar deals. We call it pharma palooza. What does it mean for you . This, folks, is power lunch. This, sue, is your power lunch on drugs. Indeed it is, certainly today. We have it all covered with a fantastic team. Pershing squares big ackman and valiants ceo presenting their idea before investors and the media in new york a bit earlier. Kate kellie has the takeaway. High, kate. Were well into hour number two of this Investor Presentation when we heard from both. Big ackman taking the stage for the second time since ive been here just as i walked out. Hell be taking q a in just a few minutes. A quick reminder on what this deal entails. Its essentially a proposes cash and Stock Transaction in which every share of allergan would be received for cash as well as a large majority of a valeant shares, a lot of talk from Michael Pearson today whos been successful in dlirg shareholder returns about the durability of his assets, the products, the fact t

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