Pershing Square Capital Shows New 12.19% Stake in Canadian Pacific Railway Ltd. (CP)
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In a 13D filing on Canadian Pacific Railway Ltd. (NYSE: CP), Bill Ackman's hedge fund Pershing Square Capital disclosed a 12.19%, or 20,659,504 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending June 30, 2011.
Ackman's firm said they believe that the Common Shares are undervalued and are an attractive investment. He expects to engage in discussions with management, the board, other stockholders and other relevant parties concerning the business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans.
For more notable holders of Canadian Pacific Railway Ltd. stock click here. For more information on Pershing Square Capital click here.
Ackman's firm said they believe that the Common Shares are undervalued and are an attractive investment. He expects to engage in discussions with management, the board, other stockholders and other relevant parties concerning the business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans.
For more notable holders of Canadian Pacific Railway Ltd. stock click here. For more information on Pershing Square Capital click here.
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