So here's a question: Does Valeant own R&O? Well, whom are you asking? Valeant's accountants? Then, sure, Valeant owns R&O, or at least, it consolidates R&O for accounting purposes. All profits and losses realized by R&O show up on Valeant's income statements as profits and losses of Valeant. For accounting purposes, they are the same company.
On the other hand, if you ask R&O's lawyers whether Valeant owns R&O, they might say something different.
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