Ackman Sells Out of Citi (C) Position; Acquiring Large Proctor & Gamble (PG) Stake
Tweet
Share
E-mail
Get Alerts PG Hot Sheet
Join SI Premium – FREE
Just now, activist investor and hedge fund man Bill Ackman said he is holding a $1.8 billion stake in consumer staple giant Proctor & Gamble (NYSE: PG).
Also interesting: Ackman sold out of his Citigroup (NYSE: C) position to free-up funds in order to make the deal happen.
Ackman said P&G's "stock is cheap."
Comments were made at CNBC's Delivering Alpha conference.
P&G and Citi shares are both up in late trading.
Also interesting: Ackman sold out of his Citigroup (NYSE: C) position to free-up funds in order to make the deal happen.
Ackman said P&G's "stock is cheap."
Comments were made at CNBC's Delivering Alpha conference.
P&G and Citi shares are both up in late trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citigroup set to join top banks in Anthropic IPO - Bloomberg
- Citizens Starts Builders FirstSource (BLDR) at Market Perform
- Walmart expected to beat Q2 estimates as tariff refunds lift margins
Create E-mail Alert Related Categories
Hedge Funds, Insiders' BlogRelated Entities
William Ackman, Citi, Hedge FundsSign 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!
