Securities and Exchange
Securities and Exchange Commission but the short term impact was a steep fall in Biovail’s share price that pushed the value of Melnyk’s shares from $1.5 billion to little more than $600 million in just two months. When the blackout period ended, Melnyk had no desire to sell what he regarded as undervalued shares for cash. “We thought the shares would recover,” Melnyk said..
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