Ackman Planning 5% Activist Stake in Unnamed Large-Cap Company
Pershing Square's Bill Ackman is planning to take a 5% activist stake in an unnamed large-cap company. The hedge fund manager is starting two special purpose funds to buy the stake, according to an investor letter.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- New Ackman Website Highlights Herbalife (HLF) Distributors That are Already Violating FTC Order
- Platinum Partners to liquidate two main funds amid government probes
- Allied World Reports a 92.5% Combined Ratio for the Second Quarter 2016
Create E-mail Alert Related CategoriesHedge Funds
Related EntitiesWilliam Ackman, Pershing Square Capital, Hedge Funds
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!