ValueAct's Ubben says firm 'disinvesting' because of overheated valuations
February 22, 2017 at 18:57 PM EST
NEW YORK, Feb 22 (Reuters) - Jeffrey Ubben, the chief executive of ValueAct Capital, told Reuters on Wednesday that his firm has been disinvesting in the capital markets as valuations have become overextended, leaving it with $3 billion in cash.
